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For investors who prefer to delegate the management of their investments, we offer sophisticated options focused on investments in natural resources sectors.

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Insights

February 7, 2023 Sprott Monthly Report

Strong China Demand Boosts Gold Rally

By Paul Wong

January was another positive month for gold bullion. We saw strong gold buying from China, with estimated tonnes purchased at the highest level since 2017. Price action and trading desk anecdotes indicate significant buying from China's "official sector", including the People’s Bank of China. This was in stark contrast to China's accelerated selling of U.S. Treasuries.

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