Gold has shed about a quarter of its value since the US-Iran war began in February, but central banks are buying at their fastest pace in almost two years, with third-quarter purchases up 42%. China and India account for more than half of all buying, while Russia is the only major seller. Jewellery demand has also slumped to its weakest since 2000. Is central bank demand enough to turn prices around, and why is gold trading more like a stock than a safe haven? We speak to Christopher Wong, Commodities Strategist at OCBC, Singapore.
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