Hunan Weide Bulk Commodity Spot Trading Center
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QQ
Manager Liu
Hunan Weide Spot Investment, Hunan Weide Personal Agent, Hunan Weide Bulk Commodity Investment, Hunan Weide Germany agent, Hunan Weide investment promotion, Hunan Weide silver investment promotion, Hunan Weide company agent, Hunan Weide silver agent, gold, silver, copper, fuel hydrocarbons, energy, palladium.
The central bank increased its gold reserves by
tonnes in the third quarter, down from purchases in the previous quarter, bringing total purchases so far this year to
tonnes.
The World Gold Council said recent purchases have been restrained compared with previous years. From the third quarter of
to the third quarter of
the central bank purchased
tons. The figure was slightly higher last year as China released data on its gold reserves for the first time since.
However, mainstream analysts such as the World Gold Council are not overly worried about the decline in central bank gold demand. The current geopolitical and economic environment provides irrefutable reasons for central banks, as well as investors, to hold gold. The World Gold Council's third-quarter report said that against the backdrop of negative interest rate policies and the dominance of diversified U.S. dollar reserves, gold remains competitive for reserve managers. In a recent World Gold Council survey of foreign exchange reserve managers at central banks, it was found that they have plans to increase or maintain their gold reserves at current levels. Gambarini of Capital Economics (
b
) believes in a research report that one-third of global government debt now has negative returns, and gold is still strong as a reserve asset.
Hunan Weide Bulk Commodity Spot Trading Center
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Manager Liu
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