Russian And Chinese Central Banks Bought Over $90 Billion In Gold Over Past Ten Years – ValueWalk Premium

Russian And Chinese Central Banks Bought Over $90 Billion In Gold Over Past Ten Years

2017 could be an interesting year for metals. Gold and Copper, which have a correlation to one another, also have divergent core performance drivers. Copper is traditionally tied to economic strength while gold is considered more of a safe haven asset. Both are considered hedges for inflation to various degrees. These performance driver differentials could become apparent as a Trump administration engages in tough talk with China and pushes for fiscal stimulus. Credit Suisse, for its part, has nuanced if muted 2017 price forecasts for both metals . . .

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