Central Banks
Billionaire Paulson Says Central Banks Will Keep Buying Gold
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Central banks will keep buying gold in a push to diversify away from paper currencies amid political and economic upheaval, according to billionaire hedge-fund manager John Paulson.
Paulson, one of the biggest bullion fans on Wall Street, says the precious metal is “moving to a new level of valuation” as investors flee from US stocks, bonds and the dollar to haven assets while an expanding global trade war casts a shadow over the economic outlook.