Economists at Commerzbank Expect the Gold Price To Remain Supported Economists at Commerzbank project that gold prices are expected to stay robust, influenced by consistent buying from the People’s Bank of China (PBoC), which has been increasing its gold reserves for 16 consecutive months. In February alone, the PBoC added approximately 390 thousand ounces of gold, equivalent to 12 tons, to its reserves. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Central Bankers Plan Record Increase in Gold Reserves, Survey Finds READ MORE Gold Holds Above $2,400, Eyes Third Consecutive Weekly Gain READ MORE Inflation Woes from Pandemic Keep Fed's Rate Cuts on Hold READ MORE U.S. GDP Growth Slows to 1.3% in Q1 Amid Weaker Consumer Spending READ MORE Silver Hits Three-Year Peak, Gold at Record High READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment