Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

] Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1 Official figures show gold now accounts for 19.6% of the total reserves of … Read more

Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

] ◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now ◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central … Read more

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

] ◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight … Read more

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

] Source: Bloomberg ◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in … Read more

Gold Retreats After Two Days of Gains as Serbia Buys 9 Tons of Gold and Hong Kong Enters Sharp Recession

Gold Retreats After Two Days of Gains as Serbia Buys 9 Tons of Gold and Hong Kong Enters Sharp Recession

] Gold Retreats After Two Days of Gains as Serbia Buys 9 Tons of Gold and Hong Kong Enters Sharp Recession 14, November NEWS and COMMENTARY Gold tallies back-to-back gains as Treasury yields retreat Serbia Buys Nine Tons of Gold to Heed President’s Crisis Advice Global debt surged to a record $250 … Read more