Books – Islam Saeed
Sunday, December 3, 2023 03:00 AM
Central banks around the world continue to demand… gold During the year 2023, according to the World Gold Council’s reports on gold trends during the third quarter of the current year 2023, which showed an increase in demand for gold by banks.
Central banks added 337 tons in the third quarter of 2023
-The third largest purchasing level during a quarter achieved by central banks
-The highest banks’ purchases of gold were in the third quarter of 2022, at 459 tons.
Since the beginning of 2023, demand from central banks has increased by more than 14%.
Total bank purchases of gold have reached a record level of 800 tons of gold since the beginning of 2023
Gold reserves announced by global central banks rose by a net 77 tons of gold during the month of September
Central bank sales of gold recorded only 1 ton.
– Financial flows continue to flow out of gold investment funds during the month of October, amounting to $2 billion
Since the beginning of the year, the funds’ holdings of investments have decreased by 6%.
– Total cash outflows from global gold-backed investment funds have reached $13 billion since the beginning of the year
2023-12-03 01:00:00
#worlds #central #banks #increasing #gold #reserves.. #Details #pieces #information #Youm7
