Central Banks Continue to Build Gold Caches; Which Country Next?

Platts reported on which country’s central bank is most likely to be the next to increase gold reserves.

The market news is quoted as saying:

Charles Gibson, sector head, mining research, at Edison Investment Research, told Platts: “Anyone with large dollar reserves–i.e. creditor nations. China is the most obvious, but has been well covered. Japan is a possibility, but has never been as large a participant in the gold market as it should be. The most obvious other candidates are commodity producers running current account surpluses, which suggests OPEC, Russia and Latin America to me.”

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