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The World Gold Council said central banks bought a record 399 tonnes of #gold worth around $20b in Q3 of 2022, helping to lift global demand for the metal. This buying from the central banks took their purchases to 673 tonnes, which is the most in any full year since 1967. #ASX
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Global central banks bought a record amount of gold in Q3… They keep saying #gold is not important while they themselves are buying gold as if there is no tomorrow…
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Well, we did it folks. Today is the last day of October and marks the 7th straight red month in a row for #gold. I looked twice and can’t find this ever occurring in history.
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#Gold broke support and refreshed lows. It falsely broke above resistance and was unable to update the high. If the price rejects resistance, then it may drop to test support. We may see a global bearish trend moving down. My goal is to support 1628.#XAUUSD
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MASSIVE COMEX #GOLD WITHDRAWALS CONTINUE, TOTALING ALMOST 11.8 MILLION OUNCES SINCE MAY 6 - Eligible vaults drop 267k ounces, still at lowest level since May 21, 2020. - Open Interest is now equal to 184% of all vaulted gold and 410% of Registered gold.
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If you’re a Chinese investor, Japanese investor, Swiss investor, European investor, Indian investor and you’re in gold… you’re having a good time. #Gold is in a bull market in every currency in the world expect the U.S. dollar.
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