TGViewer
Metals Wire Metals Wire @metalswire · 694 subscribers
Post #1254 233
Morning Bites (part 1)

🏦China raised its gold reserves for the 12th consecutive month, purchasing 23t in October (~6% of annualised physical gold demand in 2022), after the +27t in September, Bloomberg reports. Hence, the PBoC's gold holdings now stand at 2,215t, with ~266t added since November 2022 (6% of annualised demand). Overall, given the strong demand from global central banks, as well as miners’ rising cash costs and the potentially lower US Fed funds rate in 1Q24, we maintain our bullish view on gold's performance

#gold
https://metals-wire.com/sector/Gold
Open in Telegram All posts from @metalswire
More from @metalswire
  1. Sep 25, 2026Morning Bites 🔗Global crude steel output declined 1.2% YoY to 144.2mnt in August, vs. the…
  2. Sep 24, 2026Morning Bites 🇨🇳 The output of power generation equipment in China decreased 3% YoY in A…
  3. Sep 23, 2026Morning Bites 🏭Global primary aluminium output declined 1.7% YoY in August, after the rev…
  4. Sep 22, 2026Morning Bites 🇵🇪 Peru’s copper output rose 4% YoY in July, reversing from the 5% YoY dec…
  5. Sep 21, 2026Morning Bites (part 2) 🔗CISA mills daily crude steel production in early-September rose t…
  6. Sep 21, 2026Morning Bites (part 1) 💍Signet has reported 2.2% YoY growth in same-store sales for 2Q26…
Threads Profile ViewerView any public Threads profile without an account.Open ThreadLook →Writing with AI? Make it sound human.Metric37 rewrites AI drafts so they read naturally. Free AI detector, 1,500 words free.Try Metric37 →