-
Weak economic growth could boost central bank gold demand - BCA’s Ibrahim
Central bank gold demand has been a critical pillar behind the precious metal’s impressive rally this year, and according to one research firm, this trend is not going away. In a recent report, Roukaya Ibrahim, Strategist at BCA Research, said gold’s luster continues to outshine other commodities as it experiences robust demand, specifically from emerging market central banks. “Central bank gold buying is likely to remain a tailwind for the yellow metal, supporting a continuation of the rally over the coming years,” she said. Ibrahim noted that since 2022, central bank gold purchases have accounted for a ... (full story)
- Comments
- Subscribe
-
- Older Stories
From youtube.com/cmegroup|Sep 10, 2024Gold futures continue their sideways correction. Bob Iaccino how seasonal trends and Treasury yields are impacting the trade in the precious metal.
From bnnbloomberg.ca|Sep 10, 2024Two years into the Federal Reserve’s battle against inflation, bond investors are seeing a new risk: Consumer prices are cooling too much. A day ahead of the August inflation ...
From morningstar.com|Sep 10, 2024The world's top mining companies are set to be hit by a drop in metals prices caused by a major slump in industrial activity in China, the U.S. and Europe, Deutsche Bank has said. ...
-
- Newer Stories
From axios.com|Sep 10, 2024Last summer, the Fed's top bank cop proposed tougher rules to safeguard America's financial system. • On Tuesday, that proposal, dubbed Basel Endgame, got a makeover — with less ...
From fxstreet.com|Sep 10, 2024Gold prices advanced in the mid-North American session on Tuesday, gaining some 0.30% as traders braced for the crucial August inflation report from the United States (US). This, ...
From bnnbloomberg.ca|Sep 10, 2024Forecasters expect a monthly report on US consumer prices to show another month of muted increases, possibly playing into a Federal Reserve debate over how much to cut interest ...
- Story Stats
- Posted: Sep 10, 2024 6:17pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 142
