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Iran War Spurs Record Central Bank Gold Selling
Gold selling by national central banks as a group set a monthly record by value in March as the US-Israeli war against Iran sent energy prices soaring. With global gold prices making the steepest drop since June 2013 last month, official data reported so far show huge gold sales and swaps by Turkey offsetting other central banks' purchases more than 4 times over. That puts the sector's net gold outflows in March at a 21st century record by weight of 102 tonnes, worth an all-time record near $16 billion based on last month's average gold price. chart "Central banks' sales are the dominant driver of the $1,000 price ... (full story)
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Government data out Friday will show how much consumer prices rose in March — and forecasts point to soaring inflation. Over the past month, the US-Israel war on Iran has sent gas prices skyrocketing past $4 a gallon and all but ensured that recent reports of cooler price growth will be reversed. Economists surveyed by Bloomberg now see headline inflation ...
Iran's Supreme Leader Mojtaba Khamenei: Iran is not seeking war but will not forfeit its rights. IRAN SUPREME LEADER: STILL AWAITING APPROPRIATE REACTION FROM SOUTHERN NEIGHBOURS SO WE CAN 'SHOW YOU OUR BROTHERHOOD' - SEEKING COMPENSATION FOR WAR DAMAGES - MOVING TO A NEW STAGE IN MANAGING STRAIT OF HORMUZ ...
From finance.yahoo.com | Apr 9, 2026
Gold was headed for a third weekly gain, as hopes for a diplomatic resolution to the war in Iran and sustained buying by central banks outweighed persistent risks around inflation. Bullion steadied near $4,760 an ounce on Friday, on track for a weekly gain of almost 2%. With key issues around the Middle East conflict unresolved, attention is turning to ...
