The United States has discovered more than 8 thousand tons of gold and has become one of the largest reserves in the world.

An impressive turnaround has been marked recently in the international precious metals market. After the discovery of more than 8 thousand tons of gold, the United States firmly secured its place in the global reserves of this precious metal. This news not only shook the economic sector but also redefines the central role of gold in global financial strategies.

The involvement of central banks, which prioritized sales over purchases of gold since 2010, has contributed to a significant increase in trade in this valuable commodity. This strategic shift intensified commercial activity and strengthened the leading position of the United States, which already held significant amounts of gold as a result of the legacy left by the Bretton Woods system.

How does this discovery affect the global gold market?

The reported discovery significantly increased the liquidity of gold and reaffirmed confidence in its stability as a component of value. While countries like Germany and Italy rank high with reserves of over 3,000 and 2,000 tonnes respectively, the US’s position draws attention as it highlights not just size but influence. They can use these reserves.

Who are the major players in the gold market?

Apart from the traditional leaders already mentioned, France, China, Russia, Switzerland, Japan, Netherlands and India also have a large presence in this market. Despite the strengthening of the US position, Russia stands out as the largest buyer of gold, with a recent purchase of 224 tonnes, according to Russian data. World Gold Council.

This renewed interest and demand for gold has increased global purchases by 42% in the first quarter of 2018 alone, a clear indication of the metal’s growing value in the current economic climate.

What is the impact of market volatility on gold?

The recent discovery and consequent strengthening of the US as the holding power of gold comes at a particularly volatile time in global financial markets. This puts gold back as a safe haven for investors seeking stability in times of economic uncertainty. The ability to influence global economic policies only reinforces the central role that gold maintains as a financial anchor.

The strengthening of reserve management strategies by countries is not only a response to market issues but also reflects strategic planning that recognizes the importance of gold as a key tool in global economic stabilization and growth.

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