And it's bad news if you're a goldbug, I've already posted a few days ago that central bank buying has dried up.
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Central banks' gold buying near 6-year low in Q1
LONDON -- Central banks' demand for gold hit its lowest in nearly six years in the first quarter as Chinese buying dried up, the World Gold Council said in a report on Thursday, feeding into an 18% year-on-year drop in overall demand.