The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has hit new all-time highs more than 20 times.
The Russia News Agency announced it will increase its gold purchases from 1.12 billion rubles per day to 8.2 billion rubles per day over the next month.
Non-Farm Payrolls data is closely watched this week as it will reveal how significant a rate cut the FOMC might commit to at their September meeting in two weeks.
The difference between ‘share price’ and ‘market capitalization’ is stark. An investor will not know how much they're paying for a business without distinguishing between the two.
Despite optimism from GDP reports, manufacturing and construction spending fell short of expectations, squashing hopes for a significant economic rebound.
Central bank gold buying more than doubled in July, as policymakers showed a continued commitment to increasing the percentage of yellow metal in their reserves.
Sound money, typically tied to precious metals like gold and silver, serves as a safeguard against inflation and government overreach in monetary policy.
