More central banks pile into gold: Singapore adds 17.3 tonnes to its reserves in March centralbanks gold
Even with gold trading at higher levels in March, the central bank of Singapore continued to add gold to its reserves throughout the month, according to the World Gold Council.
"This means they have bought 68.7 tonnes of gold in Q1'23, lifting gold reserves to 222.4 tonnes ," Gopaul said on Twitter. — Krishan Gopaul April 28, 2023 China was another country that kept adding gold to its reserves in March, with the People's Bank of China reporting an additional 18-tonne gold purchase. This marked its fifth consecutive month of gold buying, with China's total gold reserves now standing at 2,068 tonnes, according to the WGC.
With gold attempting to breach $2,000 an ounce in March, there was also some selling activity. Turkey's central bank, the top gold buyer in 2022, began offloading its reserves to help meet surging domestic demand. The central bank's data showed that gold reserves fell 9% in the last seven weeks. And the WGC reported that Turkey sold 15 tonnes of gold in March, marking the first monthly net sale since November 2021.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chile's mining sector contracts 9% in March as copper production down 5% - reportA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Lire la suite »
Peru's mining sector expands in March as copper production up 20%A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Lire la suite »
U.S. job openings dip in March to lowest level in nearly two yearsTuesday’s data is a sign that the American labour market is cooling in the face of higher interest rates
Lire la suite »
Gooch claims back-to-back LIV Golf titles with Singapore winTalor Gooch became the first player to win back-to-back LIV Golf titles after a playoff hole victory against Sergio Garcia at the LIV Singapore tournament at Sentosa Golf Club on Sunday.
Lire la suite »
Coastal GasLink pipeline 86.8% completeThe project employed 5,513 workers as of March 31, heading into spring breakup.
Lire la suite »
Cargojet reports $30.5-million first-quarter profit, revenue down from year agoCargojet says its profit amounted to $1.67 per diluted share for the quarter ended March 31, compared with a loss of $56.4-million or $3.26 per diluted share a year earlier
Lire la suite »