Central Banks Keep Piling Into Gold Despite Rate Headwinds

Central bank gold buying was one of the pillars supporting the gold bull market last year. According to the post, that demand has continued to bolster the market this year even as gold has faced significant headwinds from expectations of higher interest rates.

The update highlights four reasons central banks are piling into gold, though the full list was not included in the excerpt. The main takeaway is that official-sector purchases remain a key structural support for gold prices.