Central banks are betting on gold .. The world is waiting for the September turn
The Chinese Central Bank raised its gold possessions in August for the tenth month in a row, amid a wider global wave to raise the precious metal reserves, while experts say that investors are now reshaping the way they think about risk. Center Bank Has Increased Its Gold Holdings for the Tenth Consecutive Mon Explain Wh Gold-TraditionLly Seen AS A “RISK-FF” Asset –has …
economist Mohamed El -Erian, in a tweet published on Sunday on "X"This trend is not limited to China alone, as similar behavior is manifested globally with the increasingly endeavor of central banks and financial institutions to diversify the risks, adding that this step comes within "A wider strategy for diversifying assets."
Al -Arian believes that this is the main reason behind the height of gold, which is generally considered one of the origins "Security"To high standard levels. Gold supported in the world, an increase of 34.89% since the beginning of the year, and received flows of $ 11.3 billion until this time of the year, which puts it on the right track to exceed its flows for 2020 of 15.2 billion dollars. She maintains a greater share of its international reserves in the form of gold, compared to its US Treasury reserves." target ="_Blank"> The US dollar 40% of its value for gold only in the past two years. A student blame for this for President Donald Trump’s actions, saying it is "He woke up" The dollar fell, citing its commercial and customs policies, as well as its attacks on the federal reserve." target ="_Blank"> Gold prices near the highest level ever, today, Monday, to hover about $ 3,600 an ounce, with the support of increasing expectations for reducing interest rates in America this month, following the job data that came weaker than expected last week. "Benzinga"Tim Melvin, that the month of September will represent a turning point for gold prices, as it is expected to stimulate jobs and inflation data in America, and interest rates from the Federal Reserve Bank are the fastest movements in 2025.
Interest rates in America this month, following the job data that came weaker than expected last week.
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