Today’s top gold news and opinion

2/08/2024

Treasury secretary won’t say whether dept surveils Americans’ purchases: ‘Concerning’ (National Desk)
“Increasingly, we are hearing the federal government is suggesting banks search private financial transactions using highly partisan political terms or check to see if customers made purchases that could be associated with legal sales of firearms or even religious texts,” Rep. Wagner remarked.

Gold sales boom before Spring Festival despite price hike (China Daily)
In the Xi’an Tumen branch of China Minsheng Bank, sales of gold bars increased by 50 percent in January 2024 compared with the monthly average of the second half of 2023.

MAS third-largest buyer of gold globally in 2023 (CNA)
Singapore’s central bank is the third-largest buyer of gold globally last year, adding more than 77 tonnes of the yellow metal to its reserves.