Singapore was the third-largest net gold buyer in 2023. In March this year, the central bank of Singapore also bought 4 tons of gold. 🥉1. How Much Gold Did Singapore Buy in 2023?According to the World Gold Council, Singapore had 153.74 tons of gold by the end of 2022. Therefore, the addition of 76.5 tons of gold in 2023 means a substantial increase of 49.8% in Singapore's gold reserves.Source:www.silverbullion.com.sgAmong developed countries, Singapore currently has more gold than Belgium, Sweden, South Korea, Australia, Denmark, Finland, Norway, and Canada.Among ASEAN countries, Singapore's gold reserves rank second, only 14.14 tons behind the first place Thailand. 2. Questions for Tigers：Why do you think central banks are actively buying gold?Singapore is one of the few countries today w

For most of 2023, the Fed's tight monetary policy has been weighing on the price of gold. However, as the tightening cycle nears its end, dampening effect of interest rate hikes towards the gold price is starting to wane, providing more upside for the gold price, which surged last week.After hitting a 7-month low on Friday before two weeks, gold prices rose more than $90 last week, the biggest one-week gain since mid-March, with December gold futures prices rising more than 6% to $1,941.50 per ounce from previous week's low two weeks ago. In addition, silver prices also surged last week, with December silver futures prices rising more than $1 to $22.895 per ounce, totaling 9.5%. Prior to the end of last week, one of the most important catalysts for the surge in gol

Since the beginning of this year, the price of gold has shown a continuous upward trend. Chinese consumers who have always been enthusiastic about gold consumption started the "gold buying fever" again. However, during the Mid-Autumn National Day holiday in China, the price of gold dropped continuously, and on October 3, it even dropped to 1814.8 USD/oz, setting a new low in nearly seven months. However, with the escalation of the Palestinian-Israeli conflict, the price of gold stabilized and rose again. As of noon on October 10, Beijing time, the spot gold price was reported at US $1,853.20 per ounce, up 1.1%, reaching a new high since September 29. The roller coaster-like fluctuations in just a few days have also touched investors' nerves: Where will the gold future go? What impact will

One of the biggest concerns for metals investors is whether we are in a recession recently, how long it will last and how investors should react when it comes. After all, Jack Welch, former chairman and CEO of General Electric, once said, "Never miss an opportunity like a recession."Which Stocks Perform Well After a Recession?Once the economy entering the recovery phase and consumer confidence growing, the best-performing stocks in the market tend to be associated with sectors like technology, finance, consumer goods, industrials, materials and energy. According to a Royal Bank of Canada research report, the consumer (i.e., automobiles and appliances), materials and industrial sectors are often referred to cyclical industries because they are so closely tied to the fortunes

Is it possible for the price of gold to hit record highs later this year? The answer is yes. And it has nothing to do with whether gold is a "store of value" but with stock market volatility this time. As we all know, gold has been a reliable investment since ancient times, especially during large volatility in the stock market.Michael A. Gayed, a well-known Wall Street analyst, pointed out in a tweet on August 18th that "if I'm right about the credit event, gold will indeed hit new highs. Looking back at the first 20 drawdowns in the S&P 500 since 1961, gold did act as an imperfect hedge, considered as a safe-haven trade."The main fundamentals affecting gold prices in the short to medium term are real yields and the U.S. dollar. In the past two years, real yields have been holding gol

The last 50 years, we have seen gold, commodities, and inflation numbers move in cycles and in tandem together.Though gold has picked up in recent years, make no mistake, the cycle between them is still intact.If gold is leading the way, the rest should catch up subsequently.Gold will likely remain high because of the easy money policy over the decades or the creation of off-balance debt. $Gold - main 2308(GCmain)$ $Gold - Aug 2023(GC2308)$ $E-Micro Gold - Aug 2023(MGC2308)$ $Invesco DB Commodity Index Tracking Fund(DBC)$ Based on past cycle performance, commodities may come into alignment with gold, meaning

From 2000-2020, inflation was 3% and interest rates stayed low at 0.25% while Gold up 700% from $200 to above $2,075.20 years: 2000-2020 was on “Borrowed Time”.Where is inflation, interest rates and Gold heading?$Gold - main 2304(GCmain)$ $E-Micro Gold - Apr 2023(MGC2304)$ Follow me to learn more about analysis!!

From Jim Wiederhold，Director, Commodities and Real AssetsDespite recent declines, inflation remained high, which kept the U.S. Fed steadfast in its rate-hiking campaign, and expectations for a possible easing by year-end 2023 were squashed in the latest Fed commentary. A strong retracement higher of the $USD Index(USDindex.FOREX)$ from the weakness seen in January put pressure on all major commodities, which are priced in U.S. dollars globally. TheS&P GSCI, the world’s leading commodities benchmark, could not escape the volatile markets experienced in February, as the index fell 3.83% for the month.Warmer-than-expected weather in the U.S. played a role in decreasing demand for the crude oil byproduct. Crude oil