🚨Gold IS ON THE MOVE.
Central banks are BUYING gold at more than FOUR TIMES their historical pace, while moving reserves out of U.S. vaults.
Amid rising geopolitical tensions and trade disputes, central banks are not only accumulating gold, but are also increasingly reluctant to REVEAL where their reserves are stored, according to Fortune.
Goldman Sachs estimates that 79 TONS were purchased in August, compared with a pre-2022 monthly average of just 17 tons.
France sold 129 tons of gold stored in New York and bought an equivalent amount in Europe.
The Netherlands moved 86 tons of its gold reserves from North America to European vaults.
The MOVE reflects growing concerns about financial sovereignty, reserve security, and dependence on U.S. custody.
#goldmansach #xauusdt
$XAUT $XAUT
Central banks are BUYING gold at more than FOUR TIMES their historical pace, while moving reserves out of U.S. vaults.
Amid rising geopolitical tensions and trade disputes, central banks are not only accumulating gold, but are also increasingly reluctant to REVEAL where their reserves are stored, according to Fortune.
Goldman Sachs estimates that 79 TONS were purchased in August, compared with a pre-2022 monthly average of just 17 tons.
France sold 129 tons of gold stored in New York and bought an equivalent amount in Europe.
The Netherlands moved 86 tons of its gold reserves from North America to European vaults.
The MOVE reflects growing concerns about financial sovereignty, reserve security, and dependence on U.S. custody.
#goldmansach #xauusdt
$XAUT $XAUT