Market updates and forecasts

从ForexMart获得最新经济新闻,包括金融市场,中央银行政策宣告,财务指标,和影响这个银行的其他相关新闻的更新.

免责声明:   ForexMart不提供投资建议,所提供的分析不应被解释为对未来结果的承诺。

Central banks switch to gold to the detriment of the dollar


四月, 26 2023
watermark Economic news

Analysts note that the central banks of the largest world countries have begun to gradually abandon the US dollar and switch to gold. At the moment, central banks account for 33% of the monthly global demand for gold.


Thus, gold, the oldest and most traditional of assets, has again become a tool in the hands of regulators against the dollar, which has confidently dominated all other assets for a long time. In the past, both gold and the dollar were considered as a safe haven, but today the precious metal has become safer, having successfully proved itself during the banking crisis in March this year. Then gold continued to grow, while the dollar fell.


It is noted that over the past six months, gold has increased in price by about 20%, while the demand for it comes from central banks reducing their dollar reserves, and not from ordinary buyers in the face of large and small investors.


More large central banks buying gold are located in developing countries, including China, Russia and India. Moreover, these countries, along with other BRICS countries, Brazil and South Africa, are also making efforts to create a new currency independent of the dollar.


On Wednesday, the price of gold is stable: the current quote of the asset is $2.005.10 per ounce. At the same time, yesterday the asset showed a decline to the level of $1.987.


反馈

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
风险提示:
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。