GLDI - Central Banks' Gold-Buying Spree: Implications For The Global Economy And Investors
2023-04-11 03:52:21 ET
Summary
- In January and February, central banks collectively bought a net 125 tonnes of the yellow metal, the highest amount for the year-to-date period since banks became net buyers in 2010.
- Net inflows into gold-backed ETFs turned positive in March after 10 straight months of outflows as the metal’s price flirts with a new record high.
- U.S. manufacturing activity contracted at a faster rate for the fourth straight month, with ISM’s Manufacturing PMI sinking to 46.3 in March. Do you have your 10%?
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Central Banks' Gold-Buying Spree: Implications For The Global Economy And Investors