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Key Gold Headlines

POSTED ON July 6, 2022  - POSTED IN Key Gold Headlines

Central banks globally added another net 35 tons of gold to reserves in May, according to data compiled by the World Gold Council. This follows on the heels of a net 19.4-ton increase in gold holdings in April and an 84-ton surge in gold reserve through Q1.

POSTED ON June 30, 2022  - POSTED IN Key Gold Headlines

The Reserve Bank of Zimbabwe plans to issue gold coins as a way for investors in the country to store value as inflation runs rampant in the economy.

The United States isn’t the only country battling rapidly rising prices. The inflation rate in Zimbabwe spiked from 132% in May to 191.6% in June, and the Zimbabwean currency is quickly devaluing against other global currencies, particularly the US dollar.

Enter gold.

POSTED ON June 22, 2022  - POSTED IN Key Gold Headlines

As interest rates rise, the air continues to hiss out of the housing bubble.

Existing home sales tumbled to a two-year low in May. Sales fell to a seasonally adjusted 5.41 million units, according to the latest data from the National Association of Realtors. It was a 3.4% drop, bringing existing home sales to the lowest level since June 2020. May was the tenth consecutive month of year-over-year declines.

POSTED ON June 21, 2022  - POSTED IN Key Gold Headlines

A few years ago, CNBC commentator Jim Leventhal made a pretty astounding comment. When asked about gold, he said he had no interest in it because gold has no uses as a metal.

This is a pretty absurd statement. Gold has multiple uses. And it would probably have even more if it wasn’t so rare and expensive.

In 2021, gold demand came in at 4,666 tons. Where did all of that gold go?

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