BREAKING NEWS
THE SWISS CENTRAL BANK HAS POSTED A $13.36 BILLION LOSS FOR THE THIRD QUARTER
Welcome to Hollywood.
— Gold Telegraph ⚡ (@GoldTelegraph_) October 31, 2023
A tragic comedy.
"On Monday, the SNB said it was reducing this interest after costs soared since negative rates turned positive in Sept. 2022…"t.co/94GgdqhMK9
— Gold Telegraph ⚡ (@GoldTelegraph_) October 31, 2023
“Markets are on alert for possible yen-buying intervention by Japanese authorities…”
Source: t.co/QAgYy1sHhj
— Gold Telegraph ⚡ (@GoldTelegraph_) November 1, 2023
Japan is hinting that it could intervene in its currency market.
This is one of the biggest owners of US debt in the world.
The third largest economy in the world is playing a game of Monopoly in real-time.
Happy Halloween.
Spooky?
— Gold Telegraph ⚡ (@GoldTelegraph_) November 1, 2023
China and Japan about to start FX war pic.twitter.com/2k8jTWm64n
— zerohedge (@zerohedge) October 31, 2023
— Win Smart, CFA (@WinfieldSmart) October 31, 2023
Central Bank Gold Buying Is Highest on Record for the Last 9 Months
Central banks around the globe have aggressively ramped up their gold reserves this year, purchasing a staggering 800 tons in the first nine months, including substantial amounts of unreported buying. Notably, China, Poland, and Singapore have been leading this charge. This surge in central bank demand has been a key pillar supporting gold prices against the headwinds of global monetary tightening, with the precious metal peaking over $2,000 an ounce. As geopolitical tensions rise and inflation concerns loom, gold’s allure strengthens, inching it closer to its all-time high record.
Views: 804