Forced Central Bank Gold Liquidations Could Trigger Next Price Rally
News has been coming through in recent weeks of different central banks selling off some of their gold reserves in order to have the liquidity they need to shore up their currencies or purchase energy during this time of geopolitical turmoil in the Middle East. While that selloff has taken some steam out of bullion’s bull run, many analysts say this could be setting up the metal for its next climb upwards. SPI Asset Management’s Stephen Innes published an analysis on Monday in which he explains why recent gold liquidations by central governments like Turkey and Russia are actually good…