By Frank Holmes, CEO and Chief Investment Officer for US Global Investments
Since December 2018, China has purchased over 100 tons of gold after not buying any for several years, according to its central bank data. Frank Holmes says this is a way for China to protect the value and credibility of its paper currency during the geopolitical turmoil of the ongoing trade war with the U.S. Frank adds that central bank demand is positive for the yellow metal and other catalysts such as negative-yielding bonds could drive prices higher.
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Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.