Turkey bought 23 tonnes of gold in January, making it the biggest buyer of the precious metal among central banks globally over the period.... Asli Kandemir
Sales of gold, silver and jewelry have been brisk for months, defying wobbles in the Chinese economy centered around the protracted crisis in the property market.... The Business Times
We keep a bullish outlook for gold and silver, but for now, both metals are likely to remain stuck until we get a better understanding about the timing, pace and depth of future US rate cuts.... Ole Hansen
Silver is increasingly becoming an industrial metal, said Peter Krauth, editor of Silver Stock Investor — noting industry now consumes 60 percent compared to 50 percent a few years ago.... Andrew Topf
While still under pressure, gold prices have bounced off their session lows as the U.S. labor market appears to be losing momentum as the number of workers applying for first-time unemployment benefits jumps....Neils Christensen
Chinese gold purchases rose 30% in 2023, as the country's central bank bought the commodity to replace its dollar holdings amid tensions with the U.S. and individual investors sought a haven for their assets as the economy stumbled.... Momoka Matsumoto and Noriyuki Doi