GOLD RALLY SUPPORTED BY CENTRAL BANKS SHIFTING FROM TREASURYS
Gold remains above $4,000 an ounce as central banks boost gold reserves and reduce holdings of U.S. Treasurys, says Russell Price of Ameriprise Financial.He highlights China’s push to strengthen its currency and notes U.S. deficit concerns are weighing on Treasury demand, though lower global rates have helped limit losses.The copyright of this article belongs to the original author/organization.
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