65FINANCE
⚡ Markets: Provides a structural tailwind for the price of gold, independent of short-term safe-haven flows. Signals a long-term strategic shift away from USD-denominated assets by some central banks.GoldXAUUSDUSDCNY
The People's Bank of China bought 650,000 troy ounces (approx. 20 tonnes) of gold in August, its largest monthly purchase since 2023 and the 22nd consecutive month of additions. The consistent buying by central banks, particularly China's, provides a significant source of demand for the metal.
West MSM: noneFinancial press 1Non-West Ind. 12 countries
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