-
Foreign entities should have no rights on Italy's gold reserves, Meloni's party says
Foreign shareholders of Italy's central bank should not be able to claim rights over the country's gold reserves, Prime Minister Giorgia Meloni's nationalist party said in an internal document, amid a mounting spat between the ruling coalition and the ECB over the matter. The European Central Bank twice urged the ruling coalition - including Meloni's Brothers of Italy - to reconsider an amendment to its 2026 budget law, under which the Bank of Italy's gold belongs to "the Italian people", citing risks to the central bank's independence. "Italy cannot run the risk of private investors claiming rights over the ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | Dec 11, 2025
Gold (XAU/USD) skyrockets on Thursday after the Federal Reserve (Fed) cut rates as expected on Wednesday, and even though it hinted at a pause in the easing cycle, it was not an excuse for the rally in precious metals. At the time of writing, XAU/USD trades at $4,278 after bouncing off a daily low of $4,204. On Wednesday, the Fed reduced rates by 25 basis ...
From fxstreet.com | Dec 11, 2025
Demand for gold is so strong in Thailand that revenue at the country’s largest gold trading house is on pace to eclipse the government’s entire fiscal 2026 budget. This underscores the surging demand for gold in Asia that continues to support the gold bull market. Hua Seng Heng is on pace to earn a record 5 trillion baht ($156 billion) this year. That ...
From kitco.com | Dec 11, 2025
Gold’s price is set to close the week on a high note as the shinning metal continues to command attention as a premier safe-haven asset, with spot prices stabilizing near $4,215 per troy ounce. This level reflects a broader market narrative where investors are gravitating toward the yellow metal amid escalating global tensions and a wave of monetary policy ...
