Newsfeed: Central Banks Double Down On Gold Buying
There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons …
There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons …
Bonds and Bullion are soaring after the ugly JOLTS and weak manufacturing data this morning. Spot Gold soared back above $2020. The precious metal has only ever been higher than this on seven days in history…
The price of gold is inching near its all time high … Whether or not you’re interested in investing in metals, as a real estate investor, it’s wise to understand the relationship between gold and the dollar, interest rates, and real estate.
The Fed/FDIC/TSY bailout (BTFP!?) has prompted a massive repricing of the market’s expectations for The Fed’s rate-trajectory from here. The terminal has plunged and pulled forward…
Gold and silver rebound! Discover why this year is bound to be a banner year for precious metals in this special video presentation presented by Dana Samuelson of American Gold Exchange.
The metals are making BIG moves … In this special video presentation, Precious Metals Expert Dana Samuelson explains how the latest inflation report, the midterm elections, and Fed interest hikes are affecting gold, silver, and the dollar.
If you’ve ever wondered what happens before the money flows into the pockets of passive oil and gas investors, this video is for you! Ride along with RJ Burr, President and CEO of Panther Exploration on a tour of a working oil field near Baton Rouge, Louisiana.
A normally dry research report jolted the gold market this week, when it pointed to massive but so far unidentified sovereign buyers. Central banks bought 399 tons of bullion in the third quarter, almost double the previous record, according to the World Gold Council. Just under a quarter went to publicly identified institutions, stoking speculation about mystery buyers.
Central banks globally have been accumulating gold reserves at a furious pace last seen 55 years ago when the U.S. dollar was still backed by gold. According to the World Gold Council (WGC) central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, with global demand for the precious metal back to pre-pandemic levels.
Central banks globally added to their net gold holdings for the fifth consecutive month in August, according to the latest data released by the World Gold Council.