Gold Leasing/Central Bank Gold Sales Most noticeable trend in the last 5 years has been the decline of lease rates. We have had an interesting inversion of the gold lease rate yield curve over the past 2 months which may have been caused by Central Bank leasing... (inversion i.e. 1 year gold lease rate higher than 6 month rate). Could possibly be related to Barclays comments, but in a different way? (leasing versus forward sales may be different?)
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