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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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