Sprott Says Central Banks Are Buying Gold at a Torrid Pace

December 07, 2023

Sprott says central banks are maintaining a torrid pace when it comes to gold buying, propelling gold prices to a new all-time high before backing off.

Gold’s Bold Move to New Closing HighGold Bullion Breaking Out to New All-Time Highs

December 5 (King World News) – Paul Wong, Market Strategist at Sprott Asset Management: On Friday, December 1, 2023, spot gold bullion registered an all-time high closing price of $2,072.22, surpassing the prior closing high of $2,063.54 reached on August 6, 2023. Gold has closed above the three closing highs over the past five years (closing highs: August 6, 2020, at $2,063.54; March 8, 2022, at $2,050.76; May 4, 2023, at $2,050.28) to mark a clear break out from its plus three-year long consolidation range.