Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency.
Gold tends
Gold Outlook 2019: Factors That Could Support Gold in 2019
Gold Outlook 2019: Factors That Could Support Gold in 2019 – Real rates turn negative: Gold tends to perform well when the inflation rate is higher than the nominal interest rate. Inflation may rise well above interest rates if the US-China trade war escalates, restoring gold’s appeal as a store of value.