The Central Bank of the Russian Federation will lend to banks secured with gold

The Bank of Russia introduces a new method of financing for banks: they will be able to lend to the Central Bank against gold guarantees. The measure to provide banks with liquidity is being introduced amid rapid growth in precious metal prices and high investment demand due to market volatility. The Bank of Russia begins … Read moreThe Central Bank of the Russian Federation will lend to banks secured with gold

The Central Bank of South Korea bought gold for the first time in 13 years

The Central Bank of South Korea has confirmed the purchase of gold for the first time in 13 years since 1998. Korea has bought 25 tons of gold to diversify its gold and foreign exchange reserves, as it is gold that is currently one of the safest investments. against the background of an unstable dollar … Read moreThe Central Bank of South Korea bought gold for the first time in 13 years

Gold Investment Gains Support Amid Central Bank Rhetoric

At the time of writing, silver is down 2.0% to below $ 26 an ounce, while platinum, which makes up most of its annual demand in industrial use, is unchanged from last Friday at $ 1.093. China has eased its monetary policy, allowing commercial banks to lend more money that their clients put on deposits, … Read moreGold Investment Gains Support Amid Central Bank Rhetoric