⛏ Central banks continue summer spree in August

Central banks continue summer spree in August
The composition of August’s buying is as notable as the headline total: demand was again led by familiar participants pursuing multi-year accumulation programmes. This suggests that central bank activity continues to reflect longer-term reserve objectives, while monthly fluctuations are more likely to capture differences in implementation, market conditions and country-specific liquidity requirements. Read on »

A surprising industry is fueling a new rush for gold — and it’s not slowing down
Investors have long prized gold as a hedge against inflation and economic uncertainty, but one of the world’s fastest-growing industries is now fueling a new source of demand for the precious metal. The buildout of AI is driving investment in advanced semiconductors, servers and the sprawling data centers needed to power the technology. That expansion also requires a range of materials used in high-performance electronics, including gold. Read on »

The Nerve Center Of Our Economic “Matrix” Revealed
This is what is fundamentally wrong with the American economy. And I think the longer we refuse to deal with it, the greater the chances that the eventual resolution comes through some combination of economic crisis, political upheaval, civil unrest or a wholesale rejection of the system that created it. Read on »