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Banks buying gold slows down gold price decline
World gold prices move sideways amid strong USD index. Recorded at 9:20 a.m. on September 4, the US Dollar Index measuring the greenback's fluctuations against 6 major currencies was at 101,607 points.
According to Kitco, in the first sessions of the week, world gold prices fell sharply, causing investors to panic right before a busy week with US economic reports.
Central financial institution gold purchases doubled in July. Global valuable banks delivered 37 tonnes to their reputable reserves, a 206% increase.
"In total, seven valuable banks delivered extra gold (a tonne or extra) to their reserves in July. Only one valuable financial institution decreased its holdings"
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According to Kitco, in the first sessions of the week, world gold prices fell sharply, causing investors to panic right before a busy week with US economic reports.
Central financial institution gold purchases doubled in July. Global valuable banks delivered 37 tonnes to their reputable reserves, a 206% increase.
"In total, seven valuable banks delivered extra gold (a tonne or extra) to their reserves in July. Only one valuable financial institution decreased its holdings"
💎
XAUUSD Buy 2481 - 2479💎🔰TP1: 2490
🔰TP2: 2500
🔰TP3: OPEN
🚫SL: 2471
💎
XAUUSD Sell 2498 - 2500💎🔰TP1: 2490
🔰TP2: 2480
🔰TP3: OPEN
🚫SL: 2508
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