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04.06.26 - 13:30
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Since 2022 Just A Handful Of Countries Have Driven All Sovereign Gold Demand (ZeroHedge)
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Since 2022 Just A Handful Of Countries Have Driven All Sovereign Gold Demand
The 2008 financial crisis marked a structural shift in central bank behaviour
Back in January, UBS showed that most of last year's increase in gold prices was driven by US policy shocks boosting private demand.
The bulk of the gold price increase last year can be attributed to US policy shifts: UBS
Running in parallel, however, has been a more gradual but persistent rise in official sector gold holdings. A common narrative, one which was started largely on this website, is that this shift began with the Russia–Ukraine conflict, when the freezing of Russia's foreign exchange reserves heightened incentives for countries to diversify into assets such as gold. (Russia, for example, confirmed in 2021 that its gold reserves are fully held domestically.)
While that is true, UBS chief economist Arendy Kapteyn notes that the true turning point in official sector gold demand came well before 2022. The increase in official s...
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04.06.26 - 08:30
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Gold: Charttechnisch spitzt sich die Lage zu (LYNX)
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Dem gewaltigen Kursanstieg zwischen August 2025 und Ende Januar 2026 folgten zwei starke Korrekturschübe, an die sich wiederum ein nervöses Wassertreten anschloss. Doch jetzt ist der Goldpreis in einer charttechnischen Konstellation, die Entscheidungen einfordert....
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04.06.26 - 01:18
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Central Bank Gold Buying Rebounds In April From Dramatic March Selloff (ZeroHedge)
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Central Bank Gold Buying Rebounds In April From Dramatic March Selloff
First the good news: according to the latest World Gold Council update, central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which at nearly 30 tons were the largest monthly gold sales in years, driven almost entirely by Turkey. Poland remained the top buyer in the month, while China accelerated its pace of purchases.
According to WGC, Poland remained be the top buyer in the month (14t), while China intensified its pace of purchases: its 8t net purchase was the highest since December 2024 and extends its current buying run to 18 consecutive months. The Czech Republic shows similar consistency in purchases, having bought 3t in April, its 38th consecutive monthly purchase. Meanwhile, Russia continues its sales streak this month (6t...
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04.06.26 - 01:18
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Gold Dethrones The King: ECB Confirms Barbarous Relic Has Overtaken Treasuries As Top Global Reserve Asset (ZeroHedge)
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Gold Dethrones The King: ECB Confirms Barbarous Relic Has Overtaken Treasuries As Top Global Reserve Asset
In what can only be described as the latest humiliating blow to the crumbling Pax Americana, gold has officially overtaken US government bonds as the world's top reserve asset.
The FT reports that, according to a fresh report from the European Central Bank released Tuesday, bullion now accounts for 27% of global central bank reserves at the end of 2025 - up sharply from 20% the prior year.
US Treasuries, once the untouchable king of the reserve world, have been knocked down to 22% from 25%. The euro's share remained flat at 15%.
This isn't some organic portfolio rebalancing. It's a full-scale de-dollarization revolt years in the making, turbocharged by Washington's own weaponization of the dollar.
“Geopolitical tensions continue to drive strong central bank demand for gold,” wrote ECB President Christine Lagarde in the report - in the driest possible bureaucrat speak while watch...
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