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China’s Massive Gold-Buying Spree Continues

China’s Massive Gold-Buying Spree Continues

Central banks globally continue to…

Metals / Gold

Yen's Dramatic Slide Triggers Unexpected Gold Rush In Japan

Sep 15, 2023 at 08:43 | ZeroHedge

A gold-buying frenzy in hyperinflating banana-republic basket cases such as Venezuela, Zimbabwe, Argentina or Turkey makes sense; one can also imagine Indians and Chinese liquidating rushing to buy…

China’s Massive Gold-Buying Spree Continues

Sep 08, 2023 at 08:21 | ZeroHedge

After returning to net gold buying in June, central banks continued to add to their gold reserves in July. Globally, central banks reported net purchases of…

Will Precious Metals Rebound?

Aug 25, 2023 at 08:30 | Metal Miner

Via Metal Miner The Global Precious Metals MMI did not deviate far from its ongoing sideways trend. Indeed,…

Turkey’s Appetite For Gold Increases As Lira Plummets

Aug 17, 2023 at 08:50 | ZeroHedge

Via SchiffGold.com, Turkey’s love affair with gold has had a major impact on global gold flows, especially through the first half of 2023.

Gold Prices Dip As Recession Fears Fade

Aug 14, 2023 at 08:30 | City A.M

The price of gold has weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal as hopes of avoiding a…

Germany Looks To Gold To Help Weather Financial Storm

Aug 09, 2023 at 09:10 | ZeroHedge

By Jan Nieuwenhuijs via Gainesvillecoins.com At a press conference early 2023, member of the Executive Board of the German central bank…

Gold Investment Soars Among Millennials

Jul 27, 2023 at 08:13 | ZeroHedge

Millennials are buying more gold than Boomers or Gen-X, according to a recent survey. But there’s a catch. Millennials are also more likely…

Will The Bullish Momentum In Gold And Silver Markets Continue?

Jul 21, 2023 at 08:35 | Metal Miner

Via AG Metal Miner Precious metal prices (especially silver) began a brief rally on July 12 before retreating again. Whether or not the…

Gold Prices Inch Higher As Fed’s Inflation Battle Draws To A Close

Jul 14, 2023 at 08:17 | City A.M

Gold markets have consolidated this week’s price rally, buoyed by growing expectations that the Federal Reserve’s battle to curb inflation is drawing to a successful close.

Central Banks Add Gold Amid Economic Uncertainty

Jul 06, 2023 at 08:44 | ZeroHedge

Excluding another big sale by Turkey, central banks were net buyers of gold in May, according to the latest data compiled by the World Gold Council. Eight central banks added…

How Do U.S. Debt And Gold Prices Relate?

Jul 05, 2023 at 08:05 | ZeroHedge

Gold has long been considered a store of value and a hedge against economic uncertainty. Over the past five decades, its price has been closely intertwined with concerns surrounding the…

Hawkish Fed Spooks Precious Metal Traders

Jun 23, 2023 at 08:47 | Metal Miner

Via AG Metal Miner The Global Precious Metals MMI (Monthly Metals Index) traded sideways month-on-month. Overall, the index fell 2.75% as numerous components lost upward price momentum.…

China’s Gold Buying Spree Continues For Seventh Consecutive Month

Jun 09, 2023 at 08:12 | ZeroHedge

In an unabated buying spree, China has continued to expand its gold reserves for a seventh consecutive month, reinforcing the sustained global demand for the precious metal among central banks.…

Poland Steps Up Gold Buying

May 24, 2023 at 10:31 | ZeroHedge

Poland is buying gold again. The National Bank of Poland added nearly 15 tons of gold to its reserves in April, according to data published by…

Central Banks All Over The World Are Scrambling To Buy Gold

May 08, 2023 at 09:00 | ZeroHedge

It may not be the off the charts gold buying observed in the second half of 2022, but central bank Central bank gold buying made a blistering start to 2023…

Visualizing 200 Years Of Gold Mining Around The World

May 04, 2023 at 07:57 | ZeroHedge

Although the practice of gold mining has been around for thousands of years, it’s estimated that roughly 86% of all above-ground gold was extracted in the last 200…

Schiff: Gold Is A Buy In Every Single Currency

Apr 26, 2023 at 09:01 | ZeroHedge

Americans continue to deal with rising prices even as the economy deteriorates. But the US isn’t the only country with an inflation problem.…

Worries About Weaker Dollar Fuel Demand For Gold

Apr 24, 2023 at 08:24 | ZeroHedge

Last week, the Treasury Department revealed that the federal deficit hit $1.1 trillion in the first half of the fiscal year ending in…

Nickel Surplus Weighs On Stainless Steel Prices

Apr 20, 2023 at 09:11 | Metal Miner

Via AG Metal Miner The Stainless Monthly Metals Index (MMI) fell 7.53% from March to April. Downside momentum continued to pressure the nickel market, sending prices down…

Texas May Launch Its Own Gold-backed Digital Currency

Apr 07, 2023 at 10:55 | ZeroHedge

Bills introduced in the Texas House and Senate would create a state-issued, gold-backed digital currency. Enactment of this legislation would create an option for people to transact business in sound…

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