Reserve Bank Of India Buys More Gold In Q1 Than All Of 2023

Just last week India repatriated 100 tons of its gold from England. And now the World Gold Council is reporting that the Reserve Bank of India purchased more gold in the first quarter of 2024 than they did in all of 2023.

Which fits with the themes we've seen in the gold market over the past few years, especially with the BRICS countries, and now confirms that India's central bank is increasing its gold holdings and security.

Vince talks about what it means, and also shares highlights from the Bank of America mining conference. So to get caught up to speed on the latest news in the precious metals markets, click to watch the video now!

Arcadia Economics

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