Central Banks all around the world have been steadily accumulating bullion for over a year now.
Maybe they know something; maybe they’re all wet.
I think the old adage still hold true: watch what they do, not what they say.
Central banks do not have a great track record in their gold trades. The Bank of England, the UK’s central bank, sold the bulk of its reserves for $250-270 in 1999-2001, just before the gold price took off.