Central banks buy up gold

Source: Dukascopy Bank SA
The World Gold Council has revealed that global central banks have bought a record high amount of gold not seen since 1967. Central banks have added to their inventory 1,136 tonnes of gold, which amounts to nearly $70 billion.
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Tue, 31 Jan 2023 14:32:36 GMT

Markets react to Canadian GDP

At 13:30 GMT, the Canadian GDP was revealed to have increased by 0.1% on a month on month basis. The news caused a surge of the Canadian Dollar against other currencies. As a result, the decline of the USD/CAD spilled over into a broader decline of the US Dollar index.

Wed, 01 Feb 2023 06:30:44 GMT

Norway's wealth fund posts losses

The sovereign wealth fund of Norway has announced that in 2022 it had suffered a loss of $164.5 billion or 1.64 trillion NOK. The previous largest loss of the fund was 633 billion crowns in 2008.

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