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21:56

Goldman Sachs: Large inflows of US capital into the Japanese stock market, with participation reaching the highest level in three years

Goldman Sachs report indicates that American investors are actively buying Japanese technology and artificial intelligence stocks, attracted by their strong returns. This year, the Nikkei 225 index has risen approximately 30% in USD, far outperforming the S&P 500 index. The pace of US capital inflows has reached its fastest since "Abenomics," with further growth potential ahead.
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16:09

Analyst: Governor Bailey may still be the key to future rate cuts.

The Bank of England kept interest rates unchanged at 4%, a decision that caught the market off guard. The voting was nearly evenly split, with Bailey's stance being a key factor. Policymakers are awaiting more data, and the autumn budget will influence the pace of future policy adjustments.
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15:52

Ukraine claims to deploy about 9,000 drones daily to counter Russia.

Jin10 data reported on October 21 that senior officials of the Ukrainian military disclosed that to fend off the continued attacks from Russian forces, Ukraine deploys about 9,000 drones daily. This figure highlights that drones have become a key element in the current conflict. Ivan Pavlenko, head of the Ukrainian military's electronic warfare department, stated on Tuesday that this data includes bombing, reconnaissance, and logistics drones. When asked about the scale of drone usage, Pavlenko mentioned, "Currently, the daily average is expected to reach 7,000, 8,000, or even 9,000 drones." Retired U.S. General David Petraeus, who interviewed him, pointed out that this figure is "shocking," especially when compared to the reality of the United States' annual production of only several hundred thousand drones, and stated that "the pace of evolution on the battlefield is indeed astonishing." Pavlenko revealed that in recent months, the Ukrainian military has added multiple types of drones, including various interception drones. Some of these are specifically designed to counter the powerful Iranian-made "Shahed" drones and guided missiles used by Russian forces.
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20:00

Ghana Central Bank: Plans to complete legislation on encryption asset regulation by the end of the year.

Golden Finance reported that the Governor of the Central Bank of Ghana, Johnson Asiama, stated that the country expects to pass a regulation bill for Crypto Assets and virtual assets by the end of December. The regulatory framework has been drafted, and the relevant bill is being submitted to parliament for review. During the International Monetary Fund meeting in Washington, Asiama pointed out that Ghana must accelerate the pace of regulating and monitoring encryption transactions to ensure the safety and transparency of the financial system.
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16:47

Meta plans to establish a new kW-level data center in Texas.

On October 16, Jin10 Data reported that Meta Platforms (META.O) is building a new megawatt-scale data center in Texas, USA, to advance its efforts in artificial intelligence. This is the latest in a series of significant investments by the company, which aims to keep pace in the highly competitive AI industry. The company announced on Wednesday that it will spend over $1.5 billion on the new facility being constructed in El Paso, Texas. Reportedly, the data center will ultimately have a capacity of 1 megawatt, providing power for high-performance computing chips related to AI projects. A company spokesperson stated that it is expected to go live by 2028.
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06:52

0G (0G) fell 3.23% in the last 24 hours

Gate News Bot news, on October 14, according to CoinMarketCap data, as of the time of writing, 0G (0G) is currently priced at $2.22, falling by 3.23% in the last 24 hours, with a high of $2.85 and a low of $1.77. The current market capitalization is approximately $474 million, a decrease of $15.83 million compared to yesterday. 0G Foundation is the public interest manager of decentralized artificial intelligence. The foundation supports the world's first AI Layer 1 specifically designed for transparency, verifiability, and scalability. The mission of 0G is simple and clear: to hold artificial intelligence accountable to the public, ensuring transparency, fairness, and alignment with human needs. The 0G ecosystem is expanding at an unprecedented pace, achieving rapid adoption in infrastructure, research, and partnerships. 0G Recent Important News: 1
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0G-13.34%
06:27

The pound has fallen due to a slowdown in wage growth in the UK.

Jin10 data reports on October 14th that the GBP has fallen more than 40 points in the short-term, following data showing that average wages in the UK slowed in the quarter ending in August, suggesting that the Central Bank of the UK may be able to continue cutting interest rates, although the pace of rate cuts is very slow. The GBP/USD fell below the 1.33 level, having risen moderately before the data was released. The GBP also weakened against the euro, after previously being expected to record the largest single-day rise in nearly a month.
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13:03

Analyst: The price increase in the retail industry driven by tariffs is slowing down.

Jin10 data reported on October 10, analysts Brian Nagel and Andrew Chasanoff cited Oppenheimer's analysis of 200 products potentially affected by tariffs, stating that retailers have slowed the pace of price increases to offset the tariffs. As of October 6, the prices of 65 of these products have risen an average of 17% compared to April 28. This is consistent with readings from early September, indicating that price increases may be slowing down. Analysts noted that companies are still focused on protecting profit margins, but in the short term, they may remain vigilant about potential consumer demand ahead of the holiday sales season while also watching for potential judicial outcomes regarding tariff policy.
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11:06

Bitwise Chief Investment Officer: Still expects Bitcoin Spot ETF to attract record inflows in Q4.

According to BlockBeats, on October 8, the crypto asset management company Bitwise predicts that the U.S. Bitcoin Spot ETF will attract record inflows in the fourth quarter, with the total for the year expected to surpass the total for 2024. Earlier this year, Bitwise Chief Investment Officer Matt Hougan predicted that Bitcoin ETF inflows in 2025 would exceed the $36 billion scale of the inaugural year. As of now, actual inflows are about $22.5 billion, and at this pace, it will reach $30 billion by the end of the year—slightly lower than the first year's achievement. However, in a memo to clients on Tuesday, Hougan expressed no concerns, expecting a strong fourth quarter to drive inflows to a historical high, with three major factors driving this event including the release by wealth management institutions, the big pump in Bitcoin prices, and the narrative of "hedging against currency depreciation."
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BTC-3.08%
16:56

Fed Kashkari: A significant rate cut would trigger high inflation.

Jin10 data reports on October 8th that Fed's Kashkari (not a voting member this year) warned on Tuesday that any significant rate cuts carry the risk of triggering inflation. Kashkari stated, "You may see high inflation in the economy. Essentially, if you try to push the pace of economic growth beyond its potential growth rate and the capacity to generate prices, it will ultimately lead to a widespread rise in prices." He warned that, given the economic growth is slowing and inflation persists, the current economic data shows some signs of stagflation.
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17:44

Trump's nominee to the Federal Reserve Board of Governors once again calls for significant interest rate cuts.

According to Jinse Finance, CCTV News reports that The Federal Reserve Board of Governors member Stephen Milan has once again called for a more aggressive rate-cutting path, while emphasizing that his differences with other decision-makers "are not as significant as the outside world imagines." In an interview, Milan stated that if the policy deviates from its course, it should be adjusted "at a relatively rapid pace." He believes that the current policy is actually more restrictive on the rise, thus a looser monetary environment is needed.
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06:43

Aster CEO: The second phase of the Genesis Airdrop will reward real users as much as possible, and there will be room for adjustment in the release pace to avoid concentrated sell pressure.

Aster CEO Leonard stated in an interview that the second phase of Genesis will allocate 4% of the total supply as rewards, focusing on rewarding users who genuinely participate in trading, and measures will be taken to filter out wash trading accounts. The information on points allocation will be transparently announced, and the release pace will be adjusted to avoid market sell pressure.
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ASTER0.54%
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01:57

Enjie Co., Ltd.: Recently, the downstream demand in the diaphragm industry has strengthened, and the company's capacity utilization rate is currently high.

Jin10 data reported on September 29 that Enjie Co., Ltd. recently stated during a survey that due to the oversupply in the membrane industry in the earlier stage, the overall capacity utilization rate of the industry is not high, with leading enterprises performing somewhat better. Therefore, the pace of new capacity addition in the industry has significantly slowed compared to previous years, especially with less new capacity added this year. The release of membrane capacity requires processes such as construction, customer validation, and capacity ramp-up, which takes a long time. This will greatly benefit the future improvement of the overall supply-demand pattern in the industry. With the recent strengthening of downstream demand, the company's current capacity utilization rate is relatively high.
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17:12

The Federal Reserve Board of Governors member Bowman: It is necessary to adjust policies at a faster pace and with greater intensity in the future.

BlockBeats news, on September 27, The Federal Reserve Board of Governors member Bowman stated in a dialogue regarding monetary policy decision-making methods: If these conditions persist (currently), it will be necessary to adjust policies at a faster pace and with greater intensity in the future. Strongly supports the Fed holding only government bonds. The Fed's FOMC should now take decisive and proactive action to address the weakening vitality of the labor market and emerging signs of fragility, and it is appropriate to disregard the one-time impact of tariffs. (Jin10)
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06:56

Matrixport: Key indicators such as the skewness of Bitcoin, open contracts, and volatility are undergoing structural changes.

Analysis published by Matrixport shows that there are inconsistent signals between the financing costs and leverage of Bitcoin, Ethereum, and SOL, as well as their trading volumes. The market structure remains fragile but also hints at potential trading opportunities. The dominant players in market liquidity are changing, and indicators such as Bitcoin's volatility and skew have shown structural changes, which may indicate a different pace in the future market. Key technical level breakthroughs need to be followed.
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BTC-3.08%
ETH-4.32%
SOL-7.4%
13:14

The U.S. economy saw a strong rise in the second quarter, with consumer spending and business equipment expenditures remaining resilient.

Jin10 data reported on September 25th that the U.S. economy grew at the fastest pace in nearly two years in the second quarter, with the U.S. government also revising its previous estimates of consumer spending upward. A report released by the U.S. on Thursday showed that the seasonally adjusted annual rate of U.S. GDP grew by 3.8% after inflation adjustments, which is stronger than the previously announced growth of 3.3%, while the first quarter experienced a complete contraction. The data indicates that the annual revisions are relatively small, with real GDP still growing at an average annual rate of 2.4% from 2019 to 2024, painting a picture of the economy rapidly rebounding from the initial shock of the pandemic, transitioning to a more stable trend growth period, despite the persistent inflation. The latest quarterly GDP data confirms that after a significant surge in imports early this year, the U.S. economy rebounded in the second quarter. The economy in the third quarter also appears robust, with recent reports showing resilience in consumer spending and business equipment spending.
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17:02

The repurchase market is tight, and investors are flocking into Fed interest rate futures.

According to ChainCatcher news, as reported by Jin10, investors are flooding into futures linked to the Fed's benchmark overnight interest rate at a record pace amid tight risks in the short-term financing market at the end of the quarter. Data shows that the trading volume of federal funds futures for September contracts has approached 500,000, surpassing the record set on April 3. Some market participants are concerned that a reduction in reserves may trigger a surge in financing pressure at the end of the month, as dealers cut back on repurchase operations to meet regulatory requirements, thereby increasing financing costs. Traders expect the effective interest rate may rise to 4.1% before the end of the month.
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11:04

S&P: The Bank of England's quantitative tightening plan is unlikely to disrupt the financing environment in the UK.

On September 18, Jin10 reported that S&P Global Ratings stated in a report that the Bank of England's quantitative tightening plan is unlikely to disrupt the financing environment in the UK. Quantitative tightening refers to the process by which the central bank gradually reduces its holdings of bonds purchased during the quantitative easing period. The Bank of England has established a "demand-driven repurchase tool" to provide liquidity support for the UK financial system. S&P noted: "The design logic of this demand-driven tool is that the pace of quantitative tightening should not affect the supply of reserves."
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19:33

Powell: Close but not yet at the moment to stop tapering.

Jin10 reported on September 18 that Fed Chairman Powell stated that the Fed is approaching but has not yet reached the moment when it needs to halt its long-standing quantitative tightening measures of reducing its balance sheet. Powell pointed out that reserves in the financial system remain ample, "We are getting close" to the moment when the Fed will be able to stop reducing its cash and bond holdings, but the current pace of reduction is quite small and will not have a broader impact on the economy.
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10:23

U.S. Treasury yields remain stable during the European session as the market awaits retail sales data.

U.S. Treasury yields remain stable while waiting for retail sales data and the Fed's interest rate decision. Analysts point out that if retail sales data is weak, it could support further easing policies, suppressing Treasury yields and the dollar; conversely, positive data may bring temporary relief. The market generally expects the Fed to cut rates by 25 basis points and to accelerate the pace of rate cuts.
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07:43

Indian analyst: The long bull trend of gold remains unchanged, but a pullback may occur in the short term.

Jin10 data reported on September 16, the research director of Mumbai-based refiner Augmont, Renisha Chainani, stated during the India Gold Conference in New Delhi: "The long-term bull run for gold seems unchanged as demand continues to rise at a faster pace, especially from Central Bank and ETF. However, gold is currently in an overbought zone, and a pullback of 5-6% may occur in the short term, followed by consolidation, before rising again in 2026 to reach new highs above $4200."
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12:45

Analysts: The Bank of England may need to go through a prolonged pause before resuming interest rate cuts.

Jin10 Data September 15th - Analyst Steve Matthews from Canada Life Asset Management stated in a report that the Bank of England may need to go through a prolonged pause before restarting interest rate cuts. Matthews pointed out that labor actions by UK doctors and transport workers, an inflation rate above target, and a cooling labor market could all lead the Bank of England to slow its pace of interest rate cuts. The market expects the Bank of England to maintain the interest rate at 4.0% in Thursday's policy decision.
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12:07

The yield on U.S. Treasury bonds fell slightly during European trading.

Jin10 data September 15th, investors are reluctant to establish new positions before the Fed's interest rate cut, thus U.S. Treasury yields remained stable or slightly declined during European afternoon trading. Exness analyst Van Ha Trinh stated in a report: "Investors are waiting to observe inflation dynamics and whether the Fed's guidance will further change expectations." This financial market strategist pointed out that if there are any surprises in the pace or scale of policy easing, yields could react sharply.
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00:37

Polkadot DAO has set the total supply cap of DOT to 2.1 billion through a proposal.

ChainCatcher news, the Polkadot Decentralized Autonomous Organization (DAO) has passed referendum number 1710 with an 81% support rate, deciding to set the total supply cap of DOT tokens at 2.1 billion coins. This proposal will replace the previous model of a fixed annual issuance of 120 million coins with no total cap, and stipulates a gradual reduction in the number of newly issued DOTs every two years to slow down the issuance pace.
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DOT-5.78%
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15:38

Morgan Stanley: The UK economy is expected to rise by 0.1% in the second half of the year.

Jin10 data September 11 news, Morgan Stanley economists said in a report that the UK economy is expected to rise at a slow pace of 0.1% in the second half of 2025. Economists noted that restrictive Intrerest Rates, uncertainty over government tax and spending plans, as well as a slowdown in global economic growth, could all contribute to weak growth in the UK economy.
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04:05

The US SEC and CFTC proposed to implement round-the-clock trading in financial markets.

Gate News bot news, the chairman of the SEC Paul Atkins and the acting chairman of the CFTC Caroline Pham recently issued a joint statement proposing multiple measures to support Crypto Assets. Among them, the most notable is the suggestion to implement "24/7 trading" in the TradFi markets to enable the U.S. economy to adapt to the operational rhythm of the digital asset market. This proposal means that the exchange may implement continuous online trading. Since 1985, Wall Street has adhered to a strict trading schedule. The two chairmen believe it is necessary to adjust the existing policies to keep up with the pace of 24/7 active markets such as crypto assets, gold, and foreign exchange. In addition, they proposed to relax the restrictions on prediction market event contracts, allowing perpetual derivative contracts to trade freely between securities and commodity exchanges, and to provide spot.
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BOT-0.04%
DEFI15.35%
TRUMP-10.52%
18:20

The Bank of England's interest rate cut pace may change, Bailey said the uncertainty about the timing of future actions has increased.

The Governor of the Bank of England, Bailey, stated that the Central Bank may continue to lower the key Intrerest Rate, but the uncertainty regarding future actions has increased. He pointed out that despite the key Intrerest Rate being on a downward trajectory, the pace of rate cuts may slow down. Additionally, a bond portfolio reduction plan will be announced on September 18, indicating a possible scale below £100 billion.
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08:52

India announces the launch of commercial semiconductor production by the end of 2025.

Jin10 data reported on September 2, Indian Prime Minister Modi stated that India will begin commercial semiconductor production by the end of 2025 and claimed that India is moving towards becoming a global chip innovation hub. Modi made this statement during the opening ceremony of the annual India Semiconductor Conference held in New Delhi, mentioning that the test chips from Micron and Tata Group have already entered production. He said, "Commercial chip production will start this year. This fully reflects India's rapid development pace in the semiconductor field." Data shows that the size of India's semiconductor market has soared from $38 billion in 2023 to $45-50 billion in 2024 and 2025, with the government's goal of reaching $100-110 billion by 2030. Currently, India is advancing 10 semiconductor projects with a total investment of $18 billion, including the construction of two design centers for 3-nanometer processes in Noida and Bangalore. Modi stated, "We
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13:19

U.S. consumer spending remained robust in July, with inflationary pressures persisting stubbornly.

PANews, August 29 - According to Jin10, despite persistently high inflation, U.S. consumer spending in July increased at the fastest pace in four months, demonstrating the resilience of demand. The U.S. Bureau of Economic Analysis reported on Friday that inflation-adjusted consumer spending rose by 0.3% month-over-month. Income growth drove an increase in consumer spending, with goods consumption being the main driving force. The core personal consumption expenditure price index, excluding food and energy, rose 0.3% month-over-month, while the year-over-year increase rose to 2.9%, the highest level since February.
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14:52

The number of ETFs in the United States has now exceeded the number of individual stocks.

According to a report by Jinse Finance, data compiled by Morningstar shows that due to the rapid pace of new fund launches, there are now over 4,300 exchange-traded funds, a number that has surpassed the total number of stocks for the first time, with the current stock count at around 4,200. According to data from the Investment Company Institute, ETFs account for about a quarter of all investment vehicles, up from just 9% a decade ago.
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10:06

BiyaPay Analyst: Encryption concept stocks are driving a recovery in US stock IPOs, with a concentrated wave of listings expected this fall.

BlockBeats news, on August 22, BiyaPay analysts expect that dozens of companies may go public in the U.S. by the end of the year, with total fundraising possibly exceeding 15 billion USD. Multi-asset trading platform BiyaPay's U.S. stock market data shows that after successful listings of stablecoin issuer Circle and tech company Figma, their stock prices doubled on the first day, further stimulating more potential listing companies to accelerate their listing pace. Crypto Assets companies such as Gemini and Figure are speeding up the submission of their listing applications.
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15:18

Coinbase Research Director: Predicts that the stablecoin market size could reach 1.2 trillion USD by 2028.

According to Foresight News, David Duong, the research director at Coinbase, stated that Coinbase Research uses random models and Monte Carlo simulation methods to predict that the stablecoin market size could reach $1.2 trillion by 2028. Future growth forecasts are typically based on assumptions about the share of the global money supply that stablecoins may eventually occupy. The model captures the potential growth range of the market through an autoregressive model AR (1), starting from the latest observed levels and recent monthly growth, simulating 20,000 Monte Carlo paths at a monthly pace according to a simple AR (1) process. The results predict that by December 2028, the stablecoin market size is expected to reach $1.2 trillion.
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13:23

UK government bonds rebound as high inflation still fails to change interest rate cut expectations

Jin10 data reports on August 20, the UK government bonds rebounded strongly on Wednesday, with the 10-year yield ending a four-day streak of rises. The yield is heading towards its largest drop in a month. The inflation report had little impact on this year's rate cut expectations, but bets on further cuts next year have increased. Swap contracts currently imply about a 75% probability of the interest rate being lowered to 3.5% by the end of next year, a shift that partly explains the movement of UK government bonds. Macro strategist Conor Cooper said: "Many still believe that regardless of inflation, the Bank of England will eventually lower rates to below 3.75%. If the Bank of England is forced to maintain tight policy in the short term to ensure inflation is controlled, then the already troubled economy will bear even greater pressure, ultimately requiring a faster pace of rate cuts than previously envisioned after inflation stabilizes. This is favourable information for UK government bonds and may also be a factor that traders will consider when interpreting UK inflation data in the coming months."
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12:54

Hedge funds see fastest inflow of funds in a decade as investors seek returns amid turmoil

Jin10 data reported on August 20 that investors are pouring money into hedge funds at the fastest pace in a decade, betting that the turbulent market will yield excess returns. According to data from Hedge Fund Research, in the three months ending in June, hedge funds saw net inflows of about $25 billion, bringing the total net inflow for the first half of the year to over $37 billion, the highest level since 2015. After a prolonged slump, global investor interest in hedge fund strategies seems to be rebounding this year. According to Citco data, hedge funds have achieved positive returns for 11 consecutive quarters, and their resilience in market turmoil (such as the tariff shocks in April) is seen as a key factor in attracting new investors. Demand for large multi-strategy hedge funds like Millennium Management and Citadel remains strong, with many such firms closing their doors to new investors.
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07:50

The Fed meeting minutes will reveal internal differences, to be released at 2 AM tonight.

According to ChainCatcher news and Jin10 reports, the Fed's monetary policy meeting minutes will be released at 2 AM tonight. Under ongoing political pressure, the "hawk-dove" debate within the Fed has intensified, and the July minutes will reveal the situation of two dissenting votes, providing important clues for the future pace of interest rate cuts and policy direction.
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09:32

Analyst: If Powell hints at a slowdown in the pace of interest rate cuts, U.S. Treasury yields may rise further.

Golden Finance reports that U.S. Treasury yields dipped slightly during the European session. However, Exness financial market strategist Inki Cho stated in a report that yields may rise again ahead of the Jackson Hole annual meeting. Fed Chair Powell is scheduled to speak on Friday. Cho noted that if investors' recent bets on Fed rate cuts wane, yields may rise. "If Powell's tone suggests a slowing pace of rate cuts, yields could climb further."
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CHO-0.25%
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03:54

Ganfeng Lithium: Remains optimistic about medium to long-term lithium industry demand

Jin10 data reported on August 18 that Ganfeng Lithium stated on the interactive platform on August 18 that the future reversal of lithium prices depends on the intensity of supply-side clearing and the pace of demand growth, and the company remains optimistic about lithium demand. Regarding its operational strategy, the company will continue to pay attention to market supply and demand changes, flexibly adjust production capacity, and optimize its hedging strategy. Currently, the number of lithium carbonate futures hedging activities is relatively low. The company maintains an optimistic outlook on the medium and long-term demand for the lithium industry and aims to enhance performance through diversification strategies and refined operations.
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14:11

The US stock market is calm, and the market is focusing on the upcoming CPI data.

According to ChainCatcher news, as reported by Jin10, shortly after the market opened on Monday, the US stock market showed little change as investors prepared for this week's data, which could determine the Fed's pace in resuming interest rate cuts. Currently, the three major stock indices have risen by about 0.1%, and the CBOE Volatility Index hovers slightly below 16. A series of economic data will be released on Tuesday, including the July CPI, which will provide an opportunity to assess the impact of tariffs on inflation. Institutional economists stated that this data will be crucial for the Fed's decision on whether to cut interest rates in September.
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03:56

S&P Global: July US CPI data will be the key economic indicator for the upcoming week.

On August 10, S&P Global pointed out that the July CPI data in the United States will become a key economic indicator, and the market will closely monitor its impact. Although tariff policies may drive inflation, the consumer price increase in the second quarter did not exceed 3.0%. The CPI data will verify whether prices are rising at an accelerated pace and will influence Fed policy.
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12:23

The market drops the expectation of a rate cut by the Bank of England.

Jin10 data reported on August 7th that LSEG's data shows the currency market expects an 81% chance that the Central Bank of the UK will cut interest rates in December, down from the 96% expectation before the rate decision. The market also believes there is only about a one-third chance that the Central Bank of the UK will cut rates in November, which will maintain the Central Bank of the UK's recent quarterly rate cut pace. EFG Asset Management analyst Joaquin Thul stated in a report that the Central Bank of the UK may remain cautious as it expects inflation to reach twice the 2.0% target level by September.
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10:43

Jin10整理:英国Central Bank决议重点前瞻

1. Interest Rate Level: The Bank of England is expected to cut rates by 25 basis points to 4.00%, marking the fifth rate cut in this cycle. 2. Voting Proportions: The divisions among the 9 voting members are expected to remain as "three factions," namely cutting rates by 25bp, 50bp, and no rate cut. 3. Balance Sheet Reduction Outlook: The Bank of England may slow down the pace of reducing its holdings of UK government bonds, which is currently being reduced by £100 billion per year. 4. Forward Guidance: The Bank of England may maintain its guidance of cutting rates once per quarter, which is likely to change after the autumn budget.
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06:26

World Gold Council: Global official gold reserves increased by a total of 166 tons in the second quarter.

On July 31, Jin10 reported that the World Gold Council stated that Central Banks remain an important pillar of global gold demand, with global official gold reserves increasing by a total of 166 tons in the second quarter. Although the pace of gold purchases has slowed, the outlook for Central Bank gold demand remains optimistic. The demand for gold jewelry and consumption value continue to show a divergent trend: in most regions, the demand for gold jewelry tonnage has decreased year-on-year, with a sluggish performance almost retreating to the levels seen during the pandemic in 2020; however, the consumption value of gold jewelry has generally increased.
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