-
Gold is now the world’s second-largest reserve asset — but central bank appetite is waning
Central banks’ growing appetite for gold meant that the precious metal was the second-largest global reserve asset in 2024, according to a European Central Bank report out Wednesday — but analysts suggest some institutions may be nearing their fill. Central banks’ gold stockpiles are close to levels last seen in the 1950s and 1960s. Combined with gold’s soaring price, it is now second only to the U.S. dollar as their biggest reserve holding in value terms, the ECB said in its analysis Wednesday. In 2023, gold and the euro were roughly level at around 16.5% as a share of global official reserves on average, ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From @LiveSquawk|Jun 11, 2025|6 commentsUS Commerce Sec. Lutnick: You Can Say China Tariff Levels Won't Change From Here - CNBC LUTNICK: CHINA IS GOING TO APPROVE ALL APPLICATIONS FOR MAGNETS FOR US COMPANIES LUTNICK: TRUMP-XI HAS TO APPROVE FINAL WORDING LUTNICK : CHINESE SIDE ALWAYS WANTS TO REMOVE EXPORT CONTROLS *LUTNICK: CHINA SAID FENTANYL HALT IS NOT ON THE TABLE https://t.co/N1v0AvmvLj US Commerce Secretary Lutnick: We are not going to give China our best chips.
From think.ing.com|Jun 11, 2025|9 commentsWe’ve had a very comforting set of US inflation numbers for May with both headline and core CPI rising 0.1% month-on-month versus market expectations of 0.2% for headline and 0.3% ...
From @financialjuice|Jun 11, 2025|2 commentsUS Treasury Secretary Bessent: China needs to be a reliable partner in trade negotiations. BESSENT: IF CHINA WILL UPHOLD ITS END OF INITIAL GENEVA TRADE AGREEMENT, "A BIG BEAUTIFUL REBALANCING" OF U.S. AND CHINESE ECONOMIES IS POSSIBLE BESSENT: INFLATION SHOWS 'SUBSTANTIAL IMPROVEMENT' DUE TO TRUMP
-
- Newer Stories
From news.sky.com|Jun 11, 2025The San Jose was lost for centuries, its £16bn treasure trove of gold and emeralds swallowed up by the Caribbean Sea. Not any more. Researchers say they have identified the ...
From cnbc.com|Jun 11, 2025|2 commentsCommerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and ...
From treasurydirect.gov|Jun 11, 2025table
- Story Stats
- Jun 11, 2025 10:30am Posted byFundamental Analysis1406
