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Central Bank’s Gold Holding Is Less Mysterious Than You Think

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Central Bank’s Gold Holding Is Less Mysterious Than You Think
Gold on display at the opening ceremony following the Chinese New Year 2024, on Feb. 14, 2024. Bill Cox/The Epoch Times
Law Ka-chung
Updated:
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Commentary

Of the best-performing markets this year to date, gold must be at the top of the list. Many believe central bank reserve holdings of gold are a key push factor driving the gold price up. However, data suggest this is not the case.

Law Ka-chung
Law Ka-chung
Author
Law Ka-chung is a commentator on global macroeconomics and markets. He has been writing numerous newspaper and magazine columns and talking about markets on various TV, radio, and online channels in Hong Kong since 2005. He covers all types of economics and finance topics in the United States, Europe, and Asia, ranging from macroeconomic theories to market outlook for equities, currencies, rates, yields, and commodities. He has been the chief economist and strategist at a Hong Kong branch of the fifth-largest Chinese bank for more than 12 years. He has a Ph.D. in Economics, MSc in Mathematics, and MSc in Astrophysics.
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