by Ronan Manly, BullionStar:
Last year, a major theme in the global gold market was the record gold buying by central banks across the world, with the World Gold Council and its data gatherers (Metals Focus) calculating that central banks had cumulatively purchased a net 1136 tonnes of monetary gold during 2022.
At the outset of 2023, this led the World Gold Council to predict that:
“Looking ahead, we see little reason to doubt that central banks will remain positive towards gold and continue to be net purchasers in 2023.”
GOLD CLOSED UP $14.10 TO $1977.80//SILVER CLOSED UP $0.49 TO $23.90//PLATINUM CLOSED UP 8.80 TO $1009.90 WHILE PALLADIUM CLOSED UP $27.25 TO $1397.70//IMPORTANT GOLD POSTS: AMBROSE EVANS PRITCHARD//CHINA’S ECONOMY IF FALTERING AND 5 COMMODITIES WHICH PROVE THIS IS HAPPENING/THE IRISH ARE FORCING THE CULLING OF THE CATTLE TO MEET CLIMATE CHANGE: HOW STUPID CAN THEY BE?//RUSSIA CLAIMS THAT THE USA IS BEHIND THE CONFLICT BETWEEN SERBIA AND KOSOVO//PROBLEMS OCCUR AT THE BORDER OF IRAN AND AFGHANISTAN (TALIBAN)///COVID UPDATES//DR PAUL ALEXANDER/EWOL NEWS//SOUTH AFRICA SIDELINES ANOTHER RAIL DUE TO MASSIVE THEFTS OF EQUIPMENT//DEBT CEILING BILL PASSED //DAVID STOCKMAN TELLS THE TRUTH ON THE BILL//USA MFG PMI’S FALTER BADLY
