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Nalezeno "1 oz of gold": 2695

Gold Blasts to $3,637 Lifetime High as Fed-Cut Bets and Weak Dollar Collide


The price of gold set a fresh all-time high on Monday, Sept. 8, reaching $3,637 per ounce. In recent months, the metal has held elevated levels, up about 1% from the prior day and 44% year over year. Safe-Haven Stampede: Gold Prints New Peak While the Greenback Slips At 10 a.m. Eastern time Monday...

China Buys Gold yet Again, Consolidates 10-Month Purchase Streak


The People’s Bank of China has continued to purchase gold to add to the country’s foreign reserves, according to official data. The purchase, albeit marginal, fuels China’s 10-month streak of acquisitions, even at record prices. China Continues to Purchase Gold Even at Record Prices Countries have...

El Salvador Pivots to Gold, Acquires 13,999 Troy Ounces for Diversification


With this move, El Salvador follows in the footsteps of other nations like China, Turkey, and India, which have been significant buyers of gold to diversify their foreign reserves. The Central Bank of El Salvador now holds 58,105 troy ounces of gold, valued at nearly $207.4 million. El Salvador...

World Gold Council Unveils Wholesale Digital Gold to Transform Global Trading


A landmark digital gold initiative is set to transform the global bullion market, merging physical ownership with digital efficiency to elevate London’s role in precious metals trading. Industry Collaboration Shapes Future of Digital Precious Metals Market in London The World Gold Council (WGC)...

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