Gold Telegraph
@GoldTelegraph
More central banks are stepping in to sell dollars to support currencies. Vietnam is the latest.
India is pushing for more trade with Russia to be settled in rupees. India’s trade with Russia is currently at $66 billion, and it aims to reach $100 billion by 2030.
The trend continues…
BREAKING NEWS: GHANA’S CENTRAL BANK SOLD $214 MILLION WORTH OF DOLLARS TO THE MARKET TO SUPPORT ITS CURRENCY
Another one.
“Intervention was highest in a week this year, Databank says…”
BREAKING NEWS: UNITED OVERSEAS BANK HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH THE SHANGHAI GOLD EXCHANGE TO CONNECT CHINA’S GOLD SUPPLY CHAIN TO ASEAN MARKETS
Big moves are still quietly happening.
“Referring to a report by the Singapore Bullion Market Association, UOB notes that there is an increasing demand for gold in Southeast Asia with a rising middle-class population…”
