30 central banks worldwide have commented
(PresseBox) - Once again, UBS RMS Survey has conducted surveys.
Central banks were surveyed for the 28th time from May to June 2022. Overall, 87 percent, the most, worry about inflation and an uncontrolled rise in long-term yields. The second biggest concern is fear of a further escalation of geopolitical conflicts. The new feared risks include precisely geopolitical conflicts as well as commodity price developments and the issue of energy security. On the foreign exchange front, central banks are worried about rising U.S. interest rates and inflation. At the same time, the global trend toward diversification of foreign exchange reserves continues. On the topic of which asset classes were added to last year, these were equities, but also the U.S. dollar and the renminbi, as well as the Canadian dollar. This is because, according to central bankers, these two currencies are likely to benefit from recent events. The euro was reduced the most, followed by the Japanese yen.
When asked about gold, 60 percent of central banks see its role in reserve management as unchanged, and 40 percent expect gold to become increasingly important in the future. Only 14 percent expressed concerns about provenance and sustainability. Central banks continued to buy gold in May and June. The only notable central bank seller was Germany. In May, gold holdings in this country were reduced by two tons. According to the World Gold Council, the reason was likely due to the long-standing minting program. In an earlier survey by the World Gold Council, 25 percent of the participating central banks stated that they intended to increase their gold reserves in the coming twelve months. Also, for private investors gold respectively the values of the gold companies are a must. An investment in Calibre Mining or Golden Rim Resources is possible.
Calibre Mining - https://www.youtube.com/watch?v=kcpMnGYd_pE - is a debt-free mid-tier gold producer. The company operates in Nevada, Washington and Nicaragua.
Golden Rim Resources - https://www.youtube.com/watch?v=BHvuKK-v-r8 - flagship project is the Kada oxide gold project in Guinea. The sale of projects in Burkino Faso has brought fresh money into the coffers for the further development of Kada.
Latest corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 11.07.2022 - 01:52 Uhr
Sprache: Deutsch
News-ID 663544
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