Central banks support gold; silver ETFs surge; platinum faces cost and trade challenges – report | Metals Mine

  • Central banks support gold; silver ETFs surge; platinum faces cost and trade challenges – report

    From miningweekly.com

    Central banks continue to underpin gold demand, while investors are seeing value in silver as well, precious metals trader Heraeus said in its latest precious metals appraisal published on July 7. According to the appraisal, central banks added a net 20 t of gold to their reserves in May. The largest contributors to this accumulation were Kazakhstan, Türkiye and Poland. While the overall pace of buying has moderated slightly, sentiment remains robust, with 95% of surveyed central banks expecting global gold holdings to increase and a record 43% planning to boost their own reserves. This trend highlights a structural ... (full story)

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    From newyorkfed.org|Jul 8, 2025

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    From @realDonaldTrump|Jul 8, 2025|30 comments

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    From cnbc.com|Jul 8, 2025|6 comments

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