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Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases

Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases

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.

Newsfeed: Mystery Whales Baffle Gold Market After Central Bank Purchases Read More »

Newsfeed: Central Banks Are Buying Gold At The Fastest Pace In 55 Years

Newsfeed: Central Banks Are Buying Gold At The Fastest Pace In 55 Years

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.

Newsfeed: Central Banks Are Buying Gold At The Fastest Pace In 55 Years Read More »

Newsfeed: Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwinds

Newsfeed: Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwinds

The stock market has long been the go-to choice for people looking to invest their money. But that could be about to change as a younger generation enters the scene.

Newsfeed: Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwinds Read More »

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