flash on Nostr: ⚡️🚨 Central banks bought 1044 tonnes of gold in 2024! For the 3rd year ...
⚡️🚨 Central banks bought 1044 tonnes of gold in 2024!
For the 3rd year running, purchases exceeded 1,000 tonnes, an all-time high.
The biggest buyers:
💰 Poland: 94 tonnes (wants to increase to 20% of its reserves)
💰 Turkey: 75 tonnes
💰 India: 73 tonnes (and is repatriating 100 tonnes from London)
Emerging countries are increasingly wary of the Western financial system following the freezing of Russian reserves.
Total gold demand reaches a record 4554 tonnes, despite prices at record highs (+23% in 2024).
For the 3rd year running, purchases exceeded 1,000 tonnes, an all-time high.
The biggest buyers:
💰 Poland: 94 tonnes (wants to increase to 20% of its reserves)
💰 Turkey: 75 tonnes
💰 India: 73 tonnes (and is repatriating 100 tonnes from London)
Emerging countries are increasingly wary of the Western financial system following the freezing of Russian reserves.
Total gold demand reaches a record 4554 tonnes, despite prices at record highs (+23% in 2024).