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Russia and China are fueling the gold rush

Central banks are buying gold at the fastest pace since 1967. Analysts point to China and Russia as the big buyers and instigators of the rush. Their goal? Bypass the sanctions and become less dependent on the almighty dollar.

in the third quarter of 2022, central banks around the world bought nearly 400 tons of gold. This is equivalent to quadrupling their gold purchases compared to the same period last year…

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