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Central banks’ gold stash now at 12.1% – A level unseen since the 90s
Central banks’ gold stash now at 12.1% – A level unseen since the 90s

Share link:In this post: Central banks now hold 12.1% of the world’s gold reserves, the highest since the 90s, with China, India, Turkey, and Poland leading purchases. Gold prices hit a record $2,772 per ounce this week, up 33% this year, and outperformed major stock markets since 2022. Political and economic shifts are pushing countries to rely less on the dollar, with rising demand for gold as a stable, “safe haven” asset.

Cryptopolitan·2024/10/27 12:44
Collins Capital: Crypto's future rise depends on the expansion of industry infrastructure
Collins Capital: Crypto's future rise depends on the expansion of industry infrastructure

Ke Yin's layout and strategy in the blockchain industry

BlockBeats·2024/10/27 02:31
Flash
  • 19:48
    US Bitcoin ETFs Net Inflows 789 BTC, Ether ETFs Net Inflows 13 ETH on 28 November
      Updated data on the X platform shows a net inflow of 789 BTC ($75.14 million) into the U.S. Bitcoin ETF and a net inflow of 13 ETH ($47.5 million) into the Ether ETF on 28 November.
  • 19:47
    Capitol Macro: German, Spanish inflation data provide room for ECB to accelerate rate cuts
    Inflation data from Germany and Spain mean the European Central Bank could accelerate the pace of rate cuts in December, said Andrew Kenningham, an economist at Capital Macro, in a report. German inflation held steady at 2.4 per cent in November, while Spanish inflation climbed to 2.4 per cent from 1.8 per cent in October.Kenningham said the data so far suggests that Capitol Macro's expectations that eurozone inflation would rise to 2.2 per cent in November, from 2.0 per cent in October, were too high. He added that given that the risk of inflation picking up again is diminishing and the risk of a prolonged period of stagnant growth is increasing, this provides a strong case for the ECB to accelerate the pace of interest rate cuts in December, raising its rate cut estimate to 50 basis points from 25 basis points.
  • 19:46
    EtherDevs: AllCoreDevs Preliminary Consensus to Increase Blob Target/Max from 3/6 to 6/9
    Terence, an Ethernet protocol developer and Prysm maintainer, posted on the X platform that the AllCoreDevs meeting reached a preliminary consensus to raise the blob target/max from 3/6 to 6/9, with implementation subject to further testing and development of the network's results.
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