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SUBSCRIBE to Our Channel: www.youtube.co... Government Central Banks continued their record-breaking gold reserve buying in the first quarter of 2024, admitting to having bought over 290 metric tons.
That is over +9.3 million troy ounces of gold, valued at over +$21 billion in fiat US dollars, of official gold buying Q1 2024.
This recent official gold bullion buying by central banks is on pace for 1,160 metric tonnes, becoming the highest net buying in recorded history after 2022 and 2023, respectively.
The spot gold and silver markets sold off slightly on the week.
The spot gold price finished the week above the $2,300 oz bid, and the spot silver price closed just above the $26.50 oz bid.
The spot gold-silver ratio ended the week flat at 86.
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.
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