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List of Flash News about central banks gold purchases

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2025-04-16
17:13
Central Banks' Gold Purchases Surge: Implications for Cryptocurrency Markets

According to The Kobeissi Letter, global net gold purchases by central banks reached 24 tonnes in February, with a total of 3,176 tonnes acquired over the past three years. This strategic accumulation contrasts with their public calls for a 'soft landing' in the economy, a situation that warrants attention from cryptocurrency traders, as it may indicate a hedging strategy against potential economic downturns.

Source
2025-04-16
17:13
Central Banks' Gold Purchases Surge: Implications for Crypto Traders

According to The Kobeissi Letter, global net gold purchases by central banks reached 24 tonnes in February, marking a strategic shift as they acquired a significant 3,176 tonnes over the past three years. This trend suggests a hedging strategy against economic uncertainty, which could influence cryptocurrency markets as investors seek alternative safe-haven assets. Crypto traders should monitor these developments, as increased gold accumulation by central banks may signal market volatility, impacting crypto asset prices.

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