- Gold Playbook
- Posts
- ⛏️ China's gold-buying spree
⛏️ China's gold-buying spree
The Resource Roundup
Good Reads
Conflict in Middle East Could Bring ‘Dual Shock’ to Global Commodity Markets
Under the Bank’s baseline forecast, oil prices are expected to average $90 a barrel in the current quarter before declining to an average of $81 a barrel next year as global economic growth slows, unless... Read on »
China is leading a 'voracious' gold-buying spree as central banks try to shrink dollar reserves
This comes as part of a broad effort this year of countries trying to diversify reserves away from the dollar, as well as attempts by some nations to de-dollarize trade relationships by conducting transactions in local currencies. Read on »
Gold Nears $2,000 Amid Global Tensions
For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average. Read on »
Community News
Cameco hits 52-week high as it turns to profit in Q3, raises revenue outlook Link>>
Gold Demand Trends Q3 2023 Link>>
World's Largest Offshore Wind Farm-Developer Abandons Two Major US Projects As Renewable Bust Erupts Link>>
Oil-Merger Mania Threatens Crude’s Liquidity as Hedgers Vanish Link>>
World Bank Says Oil Could Hit $150 But Don’t Hold Your Breath Link>>
Reply