Morning Bites (part 1)

🏦 Global central banks purchased net 30t of gold in December, vs. +44t in November, marking the seventh consecutive increase in holdings, the World Gold Council (WGC) reports. Specifically, the major contributors were Turkey (+18t), China and Uzbekistan (+9t both), while only Kazakhstan sold a material volume of gold (-10t). We reiterate our view that persistently strong gold demand from global CBs, gold miners’ rising cash costs and a potentially lower US Fed funds rate in 2024 would add support to the precious metal's performance

#gold  
https://metals-wire.com/sector/Gold