New report from the World #Gold Council: Central banks are selling dollars and buying gold at a faster rate than ever before.
Record figures:
· 74% of central banks predict that the share of the dollar in global reserves will decrease over the next 5 years.
· 89% expect an increase in their own gold reserves within the next 12 months.
· 45% intend to buy gold, which is the highest figure in history.
· Annual gold purchases over the past 4 years have reached approximately 1,000 tons, which is twice the average for the previous decade.
$XAU
$XAG
$XAUT
#DollarFallsTo10WeekLow #ChinaJulyOutputRetailInvestmentAllMiss
Record figures:
· 74% of central banks predict that the share of the dollar in global reserves will decrease over the next 5 years.
· 89% expect an increase in their own gold reserves within the next 12 months.
· 45% intend to buy gold, which is the highest figure in history.
· Annual gold purchases over the past 4 years have reached approximately 1,000 tons, which is twice the average for the previous decade.
$XAU
$XAG
$XAUT
#DollarFallsTo10WeekLow #ChinaJulyOutputRetailInvestmentAllMiss