Category: Demand

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

March 5, 2023 Caden

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of…

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Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

June 21, 2022January 27, 2023 Caden

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages Authorized crypto mining…

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