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World central banks' net gold purchases set a new record in Q1 2024.
Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023.
Purchases were led by Turkey, China, and India putting us on track for another record year.
Meanwhile, gold prices are up by more than 11% year to date and 25% since October.
Central banks are piling into gold while calling for a "soft landing."
Something doesn't add up here.
$Nasdaq Composite Index(.IXIC.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Barrick Gold(GOLD.US$ $SPDR Gold ETF(GLD.US$
Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023.
Purchases were led by Turkey, China, and India putting us on track for another record year.
Meanwhile, gold prices are up by more than 11% year to date and 25% since October.
Central banks are piling into gold while calling for a "soft landing."
Something doesn't add up here.
$Nasdaq Composite Index(.IXIC.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Barrick Gold(GOLD.US$ $SPDR Gold ETF(GLD.US$
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Central banks are STOCKING UP on gold:
Since 2022, China has bought a record ~290 tonnes of gold.
Last year alone, China acquired more than 225 tonnes of the metal.
China's central bank increased its gold holdings for 17 straight months.
In 2022 and 2023, world central banks bought 1081 and 1037 tonnes of gold, respectively.
Prior to 2022, there was never a year in history with 1,000+ tonnes of central bank gold purchases.
Have central banks lost faith in their own currencies?
$Barrick Gold(GOLD.US$ $SPDR Gold ETF(GLD.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$
Since 2022, China has bought a record ~290 tonnes of gold.
Last year alone, China acquired more than 225 tonnes of the metal.
China's central bank increased its gold holdings for 17 straight months.
In 2022 and 2023, world central banks bought 1081 and 1037 tonnes of gold, respectively.
Prior to 2022, there was never a year in history with 1,000+ tonnes of central bank gold purchases.
Have central banks lost faith in their own currencies?
$Barrick Gold(GOLD.US$ $SPDR Gold ETF(GLD.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$
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$XAU/USD(XAUUSD.CFD$ It's crazy
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GiveMyMoneyBack
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Technical view from Precious Metals, Crude Oil, Copper, Natural Gas and CRB Index
All of them have broken ground, and some of the movements have begun to strengthen. Such a move is completely unfavorable for a decrease in interest rates.
All of them have broken ground, and some of the movements have begun to strengthen. Such a move is completely unfavorable for a decrease in interest rates.
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$Block (SQ.US)$ by the time sq figures out how to make real money this company will be bankrupt. this company literally is up after hours cause they didn't disappoint that hard
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$Henry Hub Natural Gas Futures(JUN4)(NGmain.US$ I sincerely ask.
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Nancy Pelosi’s portfolio, once again, has hit a new all time high.
She is up 83.45%.
This year alone, her positions have made over three million in gains.
$NVIDIA(NVDA.US$ $Microsoft(MSFT.US$
She is up 83.45%.
This year alone, her positions have made over three million in gains.
$NVIDIA(NVDA.US$ $Microsoft(MSFT.US$
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