Topic
central-banks
Business Inflation Is Heating Up, But Don't Expect Another Crisis, BBC Says
BBC News analysis finds UK inflation is set to rise to around 3.5% later this year after energy bills climbed in the fallout from the war in Iran. Yet food inflation remains at 1.3%, wages are outpacing prices, and economists do not expect another crisis on the scale of the war in Ukraine.
Trade India, China Cut US Treasuries, Boost Gold Reserves in De-Dollarization Push
India and China are reducing exposure to US Treasuries and increasing gold reserves, according to a Business Today report citing Federal Reserve and RBI data. India's Treasury holdings fell 22.5% year-on-year to $181 billion, while gold reserves rose 33.9% to 881 tonnes. China's Treasury holdings dropped 12.44% to $651.1 billion. Central banks globally bought an average 1,000 tonnes of gold annually over the past four years, double the previous decade's average.
Commodities Gold Gains Strategic Importance as Central Banks Hedge Against Geopolitical Risks
A new OMFIF survey reveals that central banks globally are increasing gold holdings as a strategic hedge against geopolitical risks. A net 30% plan to raise allocations in the next two years, with 51% citing geopolitical protection. Meanwhile, spot gold has slipped to $4,008.94 amid expectations of Fed rate hikes.
Commodities Gold and Silver Outlook: Central Bank Meetings, US-Iran Deal, and Crude Oil in Focus
Gold and silver prices are expected to remain range-bound as traders watch central bank meetings (Bank of Japan, Fed, Bank of England), US-Iran deal developments, and crude oil movements. Domestic gold futures on MCX fell 3.2% to around Rs 1.50 lakh/10g, while Comex gold dropped nearly 3% to $4,238.8/oz. Analysts note volatility from US-Iran uncertainty, with safe-haven buying after reports of no imminent military action.
Commodities Gold Prices Rise as Central Banks Increase Purchases
In April, central banks, particularly in Poland and China, increased their gold purchases, reversing the net selling trend from March. This shift has influenced gold prices, with significant purchases also noted from the Czech Republic.