amass

Central Banks quietly amass gold

Everybody is asking: Who's Buying? Well, it's none other than the Central Banks themselves! (Data upto Q423) pic.twitter.com/JZUCvKqVrw — The Macro Guy (@SagarSinghSetia) April 8, 2024 Morgan Stanley Commodity Forecast pic.twitter.com/0fAyWGhu1G — Win Smart, CFA (@WinfieldSmart) April 8, 2024

Global Gold Rush: Central Banks Amass Gold Reserves, Reshaping the Currency Landscape Amid Economic Uncertainty and Worsening Debt Crisis

Central banks globally bought 337 tons of gold in Q3 2023, part of a broader trend. China, the top global gold producer, purchased 181 tons during the first nine months of 2023, contributing to a total of 800 tons acquired by central banks worldwide. This aligns with China’s strategy to reduce its reliance on the …

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