Global central banks are keen on buying gold! The willingness to increase holdings has reached a five-year high, Goldman Sachs is bullish on the gold price reaching $2,700.

According to the survey results, Central banks of various countries increased their gold reserves by 1,037 tons in 2023, the second highest annual purchase volume in history. Previously, the record was set in 2022, which purchased 1,082 tons of gold.

Gelonghui FinanceJun 19 17:09

The annual central bank survey is released! The World Gold Council: the most critical reason for increasing shareholding in gold is "this", as the global reserve status of the US dollar continues to weaken.

On Tuesday, June 18, WGC released a survey of central bank gold reserves in 2024, which showed that central banks around the world added 1037 tons of gold in 2023.

FX168Jun 19 12:58

Central Banks Seen Buying up More Gold in Next 12 Months - World Gold Council

Seeking AlphaJun 19 06:15

Central bank gold buying plans have not stopped. The market is digesting the US Federal Reserve's strategy. Wells Fargo & Co predicts that gold will enter a six-month period of consolidation.

Investors in gold need to be patient. According to Wells Fargo & Co, as the market gradually adapts to the Fed's maintenance strategy, gold may continue to consolidate throughout the summer.

FX168Jun 19 05:42

Express News | Gold is the best tool to hedge against inflation risks related to the US elections, according to Goldman Sachs analysts.

BreakingsJun 19 00:41

Precious Metals Consolidation Gives Traders Time to Adapt to Higher Levels – Saxo Bank

Seeking AlphaJun 18 20:23