The Woodshed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Woodshed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bull_dozer who wrote (60709)	4/8/2024 12:34:59 AM
From: bull_dozer	Read Replies (1) of 60899

China PBOC Buys Gold for 17th Month as Prices Hit Record The precious metal has been on a tear in the past two months, hitting a procession of records on expectations that lower US interest rates are on the horizon. Central bank buying has also been a significant driver of its strength since 2022. Global central banks, led by China and India, continued adding to their gold reserves in February, marking a ninth straight month of growth, according to the World Gold Council. However, the figure for February showed a 58% decline from the previous month, stemming in part from a higher volume of sales. China’s official reserve assets in March rose to the highest since November 2015. The country’s foreign exchange reserves rose to $3.2457 trillion, the highest since December 2021, as the central bank aims to maintain stable holdings to fend off risks. They rose 0.6% from February and were up 1.9% from a year earlier. finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next