Bitcoin (BTC) and cryptocurrency one of the world’s largest economic powers, banning trading and mining ChineseAbout 4 years later, the gold purchase came.
China, which made its last purchase in 2019, gold reported an increase in its reserves for the second month in a row.
According to the data released, the People’s Bank of China increased its gold reserves by 970 thousand ounces in December 2022.
The Central Bank of China, which increased its reserves by 1.03 million ounces in November, increased its total gold reserves to 64.64 million ounces at the end of December.
The 1.03 million ounce increase in November was the first reported gold inflow from China since September 2019, with the last purchase before 2019 being made in October 2016.
Stating that there is a global demand for gold, the World Gold Council stated that this demand has reached the highest level since 1967 in 2022.
The gold council also said central banks’ bullion purchases broke a record of nearly 400 tonnes in the third quarter of 2022, the highest amount purchased in a quarter since 2000 when data began to be kept.
Goldman Sachs In an earlier report, if central banks continue to purchase 400 tons of gold in the quarter, gold He claimed that the price would increase by 25%.
He stated that if the amount of gold purchased by central banks in the quarter decreases to 250 tons or below, he expects the increase in the gold price to remain at the level of 12.5 percent.
Currently, spot gold price in international markets has increased by 0.33%. 1873.49 dollars/ounce traded at the level.
*Not investment advice.
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