Gold Update: Handle Is Broken, Cup is Next, Target $2,800
BY Aibek Burabayev
Source: INO
https://www.ino.com/blog/2022/02/gold-u ... hXhBOhBxRY
behappyalways wrote:Yes we are moving towards gold....
外汇储备成“金融人质”,黄金将重回“王座”?
https://m.youtube.com/watch?v=slu1yKQJVM8
Gold makes up about 22% of the Russian central bank's $630 billion in assets.
China is already the world's No. 1 gold producer, all of which goes into its own monetary reserves. So it has incentive to support the price of gold.
Now, the war will end at some point. That could also send gold lower – but in that case, its price will be supported by its other leg, higher inflation.
1. Retail: ETF trade volume is ripping north and poised to increase by another 600 tones.
2. Central Banks: Up 750 tones for the year and marking an all-time record.
3. Physical gold: lead primarily by China and India
behappyalways wrote:Yes we are moving towards gold....
外汇储备成“金融人质”,黄金将重回“王座”?
https://m.youtube.com/watch?v=slu1yKQJVM8
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