Home News Central Bank Gold Buying Trends and the Federal Reserve’s Inflation Strategy

Central Bank Gold Buying Trends and the Federal Reserve’s Inflation Strategy

September 6, 2024

by Money Metals
GoldSeek

In the latest episode of Money Metals’ Midweek Memo, host Mike Maharrey explored two key financial topics: the surge in central bank gold purchases and the historical perspective of the Federal Reserve’s balance sheet activities, with a focus on inflation.

Central Bank Gold Purchases Surge

Maharrey discussed the most recent data released by the World Gold Council, which showed a significant increase in gold purchases by central banks. In July, global central banks added 37 tons of gold to their reserves – a staggering 206% increase from the previous month.

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