Felix Nikolas Prehn: Why Central Banks Keep Buying Gold As Prices Fall

Gold drops more than 3% in a day, yet central banks and top Wall Street research desks keep leaning into gold. We break down the short-term forces hitting the price, the long-term reasons demand is surging, and the practical ways to own gold without getting trapped by fees or bad storage. • central banks buying gold at roughly five times the old monthly pace • how Goldman Sachs estimates hidden buying with real-time trade data • why Bank of America frames the trade as long gold a...