central banks

The National Bank of Poland has significantly increased its gold holdings, reflecting a global trend towards safe-haven assets.

The Central Bank of Iraq has continued to accumulate gold, adding 4 tonnes in June and July. Total gold holdings now stand at 153 tonnes.

The Czech Central Bank has continued its gold-buying spree, adding to its reserves for the 19th consecutive month. Total gold holdings now exceed 46 tonnes.

Central and bullion banks have long tried to suppress gold and silver prices, but these efforts are doomed. As inflation rises and fiat currencies devalue, silver is poised for a breakout.

Turkey's gold reserves soar to a new record! The country has been rapidly accumulating gold, reflecting a growing trend among central banks seeking a safe haven asset.

India's gold imports hit a 3.5-year high in August, surging 58% YoY due to strong demand and tariff cuts. With the festive season ahead, 2024 demand could surpass 800 tonnes, the highest since 2015.

New report from the World Gold Council shows central bank purchases in August were lowest since March

New law forces miners to sell 20% of gold produced to central bank under plan seeking to raise country’s exposure to gold

Goldman Sachs now targeting $2,900 an ounce by early 2025 on rising ETF flows, interest rate cuts.

Major banks are emphasizing physical gold in a surprising about-face on customary 60/40 diversification rule.