India's gold imports hit a 3.5-year high in August, surging 58% YoY due to strong demand and tariff cuts. With the festive season ahead, 2024 demand could surpass 800 tonnes, the highest since 2015.
New report from the World Gold Council shows central bank purchases in August were lowest since March
New law forces miners to sell 20% of gold produced to central bank under plan seeking to raise country’s exposure to gold
Goldman Sachs now targeting $2,900 an ounce by early 2025 on rising ETF flows, interest rate cuts.
Major banks are emphasizing physical gold in a surprising about-face on customary 60/40 diversification rule.
Residents of the South up to 7 km. are eligible for extended benefits, as opposed to residents up to 30 km. from the border as previously.
Russia increases daily gold purchases from 1.12B rubles to 8.2B for the next month - a staggering 601% monthly surge, signaling a bold shift in their economic strategy.
Bank of America says commodities are the best place to be until 2030.
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