Singapore Loads Up On the Barbarous Relic.

#gold #dollar #money #currency

Today we will look at the latest news on Central Bank gold buying. Many were wondering whether the record pace of gold buying in 2022 would continue in 2023.

January has proved to be another big month for gold buying as the Singapore Monetary Authority bought 44.6 metric tonnes of gold and increased its reserves by almost 30%.

Monetary Authority of Singapore ( gold volume in troy ounces corresponds to 198.38 metric tonnes): https://www.mas.gov.sg/statistics/reserve-statistics/international-reserves-and-foreign-currency-liquidity

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