Central Banks Increase Gold Demand

gold nuggets, gold price
Written by Mike Hammer

Gold has had a nice little run-up lately, which always prompts a trickle of emails asking why.  Here at The Gold Enthusiast, we look at demand for gold, supply of gold, currency exchange rates and “geopolitical factors” as being the main drivers for gold prices.

Today, let’s take a quick look at the demand side for gold.  We’ve already reported on India’s drop in demand over the most recent marriage season.  Essentially we attributed that to 3 things…

Continue reading at StockNews.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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