Central banks bought 321 metric tons of gold in Q3, up 42% YoY. $GLD $GDX
Gold ETF inflows added $31B, while high prices caused jewelry demand to drop 17%.
Capital Economics expects gold prices to retreat to $3,600/oz by the end of 2027.
Barrick Gold ($B), Seeking Alpha's top-rated gold miner:
Valuation grade = A+
P/E = under 13x
Revenue growth = over 130%
Seeking Alpha Quant Rating for Barrick Gold: Buy.
Central banks are buying, but is gold headed to $3,600?