According to Forbes, beginning in 2010 the major central banks around the world began to become net purchasers of gold, rather than sellers of gold. According to their data in 2017 official sector activity rose 36% to 366 tons.

Precious metals continue to react favorably as market participants and traders digest the most recent statement from the Federal Reserve which was released at the conclusion of yesterday’s FOMC meeting.

Traders and market participants waited with bated breath for the release of this month’s FOMC statement following conclusion of the Federal Open Market Committee Meeting today.