Central Banks Will Keep Buying Gold at Record Pace, Here’s Why...

The Daniela Cambone Show

“My expectation is until we have some significant news, we’re probably going to see gold and silver continue to consolidate,” says Mark Yaxley, managing director at Strategic Wealth Preservation. He predicts that gold is likely to trade between $1,900 to $2,100 per ounce at the end of the year, and what the price has suggested now could be a good buying opportunity. When speaking of the headlines of central banks adding more gold to their reserve, Yaxley points out that the trend will continue, and that indicates “a solid base of demand for physical gold… which will help drive up the price.”

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