Since the inflation hit a high at 9% in 2022, China, Turkey and Poland have been the top 3 buyers of Gold, including in the first two quarters of this year.
It’s not just these countries; many other central banks have been stockpiling gold since (iii) July 2022. Then gold prices were at around US$1,800.
Are central banks still buying as much gold today?
Micro Gold Futures and Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
It’s not just these countries; many other central banks have been stockpiling gold since (iii) July 2022. Then gold prices were at around US$1,800.
Are central banks still buying as much gold today?
Micro Gold Futures and Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
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