JPMorgan: Currency Fears Drive Gold, Bitcoin Demand
JPMorgan’s analysis, led by Nikolaos Panigirtzoglou, indicates a fundamental shift in investment strategies as both gold and bitcoin gain structural importance in portfolios. The bank notes that gold’s recent price movements have surpassed levels typically explained by dollar movements and real bond yields, suggesting a deeper adoption of the ‘debasement trade’ – where investors seek […]
Central Banks Add 53 Tons to Gold Reserves in November
November 2024 saw continued robust central bank gold demand, with a net addition of 53 tons to global official holdings. The National Bank of Poland emerged as the dominant buyer, adding 21 tons to reach 448 tons total, approaching its 20% reserves target. Other significant purchasers included Uzbekistan (9t), India (8t), and China, which resumed […]
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates Authored by Wolf Richter via WolfStreet.com, The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings […]
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates Authored by Wolf Richter via WolfStreet.com, The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings […]
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates Authored by Wolf Richter via WolfStreet.com, The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings […]
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates Authored by Wolf Richter via WolfStreet.com, The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings […]
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates Authored by Wolf Richter via WolfStreet.com, The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings […]
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
Dollar’s Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates Authored by Wolf Richter via WolfStreet.com, The US dollar lost further ground as global reserve currency among many reserve currencies held by central banks. Its share has been zigzagging lower for many years as central banks have been diversifying their holdings […]
Israel Holds Rates at 4.5% as War Fuels Inflation
The Bank of Israel kept its key interest rate steady at 4.5%, reflecting persistent inflationary pressures from the ongoing military conflict. Military mobilization has created labor shortages while reduced airline service has disrupted economic activity, pushing inflation to 3.4%, above the government’s 1-3% target range. The central bank has revised its 2025 growth forecast upward […]
“On Average, Germans Are Poorer” – Shocking Report For The EU’s Largest Economy
“On Average, Germans Are Poorer” – Shocking Report For The EU’s Largest Economy Authored by Liz Heflin via Remix News, Germany could enter its third year of economic recession in 2025, according to a report out of the Handelsblatt Research Institute (HRI), cited by the Mandiner news portal, meaning it will face the longest economic crisis […]