Central banks
Venezuela nears deal to move $4 billion gold reserve to New York, FT says
The reserves, held by the Bank of England since before Maduro’s capture, could be used to support government borrowing.
Libya military intelligence chief killed in Benghazi car bombing, officials say
Breaking: The FT Confirms China's Secretive Gold Buying
Expert: Central Banks Are Preparing to Reprice Gold and End Dollar Dominance
Iraq Central Bank Continues Gold Accumulation
The Central Bank of Iraq has continued to accumulate gold, adding 4 tonnes in June and July. Total gold holdings now stand at 153 tonnes.
Czech National Bank Boosts Gold Reserves by Another 1.6 Tonnes in September
The Czech Central Bank has continued its gold-buying spree, adding to its reserves for the 19th consecutive month. Total gold holdings now exceed 46 tonnes.
Gold and Silver Price Suppression Only Work for a While - Mario Innecco
Central and bullion banks have long tried to suppress gold and silver prices, but these efforts are doomed. As inflation rises and fiat currencies devalue, silver is poised for a breakout.
Turkey rapidly expands its gold reserves to all-time high
Turkey's gold reserves soar to a new record! The country has been rapidly accumulating gold, reflecting a growing trend among central banks seeking a safe haven asset.
India’s gold imports hit a three-and-a-half year high
India's gold imports hit a 3.5-year high in August, surging 58% YoY due to strong demand and tariff cuts. With the festive season ahead, 2024 demand could surpass 800 tonnes, the highest since 2015.
WGC: Central bank gold demand easing
New report from the World Gold Council shows central bank purchases in August were lowest since March
Tanzania central bank to add 6 tonnes of gold to reserves
New law forces miners to sell 20% of gold produced to central bank under plan seeking to raise country’s exposure to gold
Banks across the board raise gold price targets
Goldman Sachs now targeting $2,900 an ounce by early 2025 on rising ETF flows, interest rate cuts.
Banking’s Gold Bulls Even More Bullish: A New Era for Gold?
Major banks are emphasizing physical gold in a surprising about-face on customary 60/40 diversification rule.
Israel's central bank extends war economic aid package
Residents of the South up to 7 km. are eligible for extended benefits, as opposed to residents up to 30 km. from the border as previously.
