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Commodities have been on the rise this year, which is a serious threat to central banks looking to cut interest rates. If commodities are higher, it is only a matter of time before they get passed along the supply chain to the consumer. And that means odds of a second round of inflation are increasing. Today I’ll focus on metals, as it appears they have ...
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Global central banks held more than 36,699 metric tons (MT) of gold in their reserves as of year-end 2023. Most of that supply has been amassed since 2010, when central bankers commenced a gold-buying spree. Central banks were net sellers of gold before that time, selling roughly 4,426 MT of gold between 2000 and 2009. But for nearly a decade and a half now ...