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POSTED ON June 5, 2024  - POSTED IN Original Analysis

On one hand, the Band of Japan says that it wants long-term interest rates to be dictated by market forces. But on the other hand, the BoJ has been spending 6 trillion yen per month buying bonds to prop up its currency. In other words, it’s doing everything in the world to control short-term interest rates with bond-buying programs and yen interventions, free markets be damned. 

POSTED ON February 7, 2024  - POSTED IN Key Gold Headlines

Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council.

Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 to just under 4,500 tonnes. With OTC demand accounted for, last year’s demand peaked at 4,899 tonnes, the highest figure ever recorded.

POSTED ON October 31, 2023  - POSTED IN Key Gold Headlines

After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.

Globally, central banks added a net 337 tons of gold in Q3, the second-highest third-quarter total on record behind 2022.

Through the first nine months of the year, central banks bought a net of 800 tons of gold. That’s 14% more than through the same period in 2022.

POSTED ON May 23, 2023  - POSTED IN Key Gold Headlines

Poland is buying gold again.

The  National Bank of Poland added nearly 15 tons of gold to its reserves in April, according to data published by the bank last week. It was the largest increase in the country’s reserves since June 2019 when the bank boosted reserves by almost 100 tons.

POSTED ON March 6, 2023  - POSTED IN Key Gold Headlines

Note: This article has been edited with additional data reported by the World Gold Council released after publication.

After charting the highest level of net gold purchases on record in 2022, central banks started out 2023 right where they left off.

Central banks globally added another net 77 tons to their gold reserves in January, according to the latest data compiled by the World Gold Council.

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