Central banks have actually slowed their purchases of gold, but investors have more than made up the difference

Core Viewpoint - Investors are becoming the dominant force in gold buying, overshadowing central banks and contributing to the ongoing rally in gold prices [1] Group 1: Investor Behavior - The shift in gold purchasing power from central banks to individual and institutional investors is significant, indicating a change in market dynamics [1] - Increased demand from investors is keeping the momentum alive for gold, which has seen historic price increases [1] Group 2: Market Impact - The ongoing rally in gold prices is being fueled by this shift in buying power, suggesting a robust market for the precious metal [1] - The involvement of investors is likely to sustain the upward trend in gold prices, as they continue to seek safe-haven assets amid economic uncertainties [1]