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3232Report: Central Bank Gold Demand Surges in July Amid Rising Prices
https://www.digit.info/report-central-bank-gold-demand-surges-in-july-amid-rising-prices/
Tue, 03 Sep 2024 18:20:44 +0000https://www.digit.info/report-central-bank-gold-demand-surges-in-july-amid-rising-prices/Read more]]>Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]
]]>Gold Demand Hits Q2 Record High, Driven by Central Bank Purchases, World Gold Council Reports
https://www.digit.info/gold-demand-hits-q2-record-high-driven-by-central-bank-purchases-world-gold-council-reports/
Wed, 31 Jul 2024 03:30:08 +0000https://www.digit.info/gold-demand-hits-q2-record-high-driven-by-central-bank-purchases-world-gold-council-reports/Read more]]>The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World […]
]]>Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
https://www.digit.info/central-banks-plan-increased-gold-reserves-amid-global-uncertainty-2024-world-gold-council-survey/
Wed, 19 Jun 2024 23:16:29 +0000https://www.digit.info/2024/06/19/central-banks-plan-increased-gold-reserves-amid-global-uncertainty-2024-world-gold-council-survey/Read more]]>The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include strategic rebalancing, domestic production, and market concerns like crisis risks and inflation. […]
]]>China Halts Gold Buying in May, Ending 18-Month Buying Spree
https://www.digit.info/china-halts-gold-buying-in-may-ending-18-month-buying-spree/
Sun, 09 Jun 2024 00:35:55 +0000https://www.digit.info/2024/06/09/china-halts-gold-buying-in-may-ending-18-month-buying-spree/Read more]]>The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold […]
]]>World Gold Council Sees Gold as Underowned, Forecasts Continued Rally
https://www.digit.info/world-gold-council-sees-gold-as-underowned-forecasts-continued-rally/
Thu, 18 Apr 2024 16:26:53 +0000https://www.digit.info/2024/04/18/world-gold-council-sees-gold-as-underowned-forecasts-continued-rally/Read more]]>The World Gold Council, an authority in global gold markets, expects the recent gold price rally to continue, supported by geopolitical risks, steady central bank purchases, and demand for coin and jewelry. The council also sees gold ETFs fueling a future rise in prices given their precious metal’s low ownership levels. World Gold Council Paints […]
]]>Central Banks Kept Purchasing Gold in February; China Continues Gold Run
https://www.digit.info/central-banks-kept-purchasing-gold-in-february-china-continues-gold-run/
Mon, 08 Apr 2024 16:19:43 +0000https://www.digit.info/2024/04/08/central-banks-kept-purchasing-gold-in-february-china-continues-gold-run/Read more]]>Central banks kept up demand for gold in February, registering net purchases of 19 tonnes. Albeit the purchasing trend continued, purchases fell 58% compared to January’s demand, according to IMF and World Gold Council numbers. China reported the largest gold accumulation, acquiring 12 tonnes to maintain a 16-month gold purchasing streak. Gold Demand Still High […]
]]>China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks
https://www.digit.info/china-ramped-up-gold-production-during-q1-amidst-steady-demand-from-central-banks/
Tue, 02 May 2023 06:15:55 +0000https://www.digit.info/2023/05/02/china-ramped-up-gold-production-during-q1-amidst-steady-demand-from-central-banks/Read more]]>Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months. China […]
]]>China Keeps Stockpiling Gold, Adds 18 Tons in March to Reach 2,068 Tons in National Reserve
https://www.digit.info/china-keeps-stockpiling-gold-adds-18-tons-in-march-to-reach-2068-tons-in-national-reserve/
Mon, 10 Apr 2023 10:19:56 +0000https://www.digit.info/2023/04/10/china-keeps-stockpiling-gold-adds-18-tons-in-march-to-reach-2068-tons-in-national-reserve/Read more]]>The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068 tons in its coffers. China Purchased […]
]]>Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency
https://www.digit.info/analyst-predicts-gold-prices-might-exceed-8000-in-the-next-decade-as-central-banks-lose-confidence-in-foreign-currency/
Mon, 27 Mar 2023 09:30:33 +0000https://www.digit.info/2023/03/27/analyst-predicts-gold-prices-might-exceed-8000-in-the-next-decade-as-central-banks-lose-confidence-in-foreign-currency/Read more]]>Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might […]
]]>Spain Prepares to Expand Offer of Gold Bullion Coins for Investors
https://www.digit.info/spain-prepares-to-expand-offer-of-gold-bullion-coins-for-investors/
Tue, 14 Mar 2023 11:30:53 +0000https://www.digit.info/2023/03/14/spain-prepares-to-expand-offer-of-gold-bullion-coins-for-investors/Read more]]>The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coin Factory will purchase 40 million euros in high-quality gold pieces for this batch, a significantly higher amount of gold compared to the […]
Central banks globally continued to bolster their gold reserves in July, despite an increase in gold prices, according to a report by Krishan Gopaul, senior analyst, EMEA at the World Gold Council. The report highlights a 206% increase in net gold purchases compared to the previous month, driven by several key players in the global […]
]]>
The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World […]
]]>
The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to boost their own reserves. Motivations include strategic rebalancing, domestic production, and market concerns like crisis risks and inflation. […]
]]>
The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold […]
]]>
The World Gold Council, an authority in global gold markets, expects the recent gold price rally to continue, supported by geopolitical risks, steady central bank purchases, and demand for coin and jewelry. The council also sees gold ETFs fueling a future rise in prices given their precious metal’s low ownership levels. World Gold Council Paints […]
]]>
Central banks kept up demand for gold in February, registering net purchases of 19 tonnes. Albeit the purchasing trend continued, purchases fell 58% compared to January’s demand, according to IMF and World Gold Council numbers. China reported the largest gold accumulation, acquiring 12 tonnes to maintain a 16-month gold purchasing streak. Gold Demand Still High […]
]]>
Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months. China […]
The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068 tons in its coffers. China Purchased […]
Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might […]
The government of Spain has approved the resources for a new issuance of gold bullion coins, which will be directed to satisfy a higher estimated demand for these instruments. The Spanish National Coin Factory will purchase 40 million euros in high-quality gold pieces for this batch, a significantly higher amount of gold compared to the […]