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Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

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◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now ◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central banks […]

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Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

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NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […]

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US, EU and China To Revalue Gold In New ‘De Facto’ Gold Standard

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US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries of […]

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Gold Prices Move Higher Again As US-China Trade War Sees Stocks Fall

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GoldCore Note Gold prices have moved higher today after hitting a one-week low yesterday. Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher. Stocks globally have fallen as risk aversion creeps back in as the trade war escalates, increasing the appeal of gold bullion as a […]

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China Gold Reserves Rise To 60.26 Million Ounces Worth Just $79.5 Billion

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China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 billion at the end of January, as the central bank increased the total amount of gold reserves […]

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U.S.-China War May Be “Just A Shot Away”

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– “World’s most dangerous hotspot” is in the South China Sea – Currency and trade wars can lead to shooting wars warns Rickards – Chinese buildup in South China Sea like ‘preparing for World War III’ says US senator (see news) – U.S.-China shooting war could be, as Mick Jagger put it, “just a shot away…” Chinese […]

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Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes

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– “Something wicked this way comes” warns John Mauldin – Shaky China: Chinese landing could be harder than expected – Brexit and EU Breakage: “I have long thought the EU will eventually fall apart” – Helpless Europe: If Germany sneezes, their banks & the rest of continent catches cold – We may see “yellow vests” spread globally: […]

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China Adds 320,000 Ounces To Gold Reserves – First PBOC Purchase Since October 2016

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– China increases gold holdings by large 320,000 ounces – Gold bullion remains a tiny component of the People’s Bank of China massive foreign exchange (FX) reserves which rose to $3.073 trillion – China’s gold reserves rose for first time since October 2016 to 59.56 million ounces by the end of December (1,853 metric tons) from 59.24 […]

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Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold

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Gold Reserves Surge 1,000% In Hungary As It Joins Poland, Russia, China and Other Central Banks Buying Gold News, Commentary, Charts and Special Podcast on Direct Access Gold Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week including our special podcast on Direct Access Gold. […]

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Europe Unveils “Special Purpose Vehicle” With Russia and China To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

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via CNBC Europe, Russia and China join forces with a new mechanism to dodge Iran sanctions European Union’s foreign policy chief announced Monday that the bloc was creating a new payment mechanism to allow countries to transact with Iran while avoiding U.S. sanctions. Called the “special purpose vehicle” (SPV), this mechanism would aim to “assist […]

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