🔥 HUGE: Central banks have bought gold for 23 consecutive months.Poland: +20 tonnes → 31% of FX reserves now in goldChina: 16th straight purchase → 2,308 tonnes totalUzbekistan: 88% of FX reserves now in goldMeanwhile, Turkey sold ~120 tonnes in March, not profit-taking,but to fund FX operations during the Iran war.Does 23 months of buying reflect conviction, or just momentum? ...

In today’s Markets Daily India, we look at RBI’s FX reserves, signs of a market bottom, and the end of lock-up periods for some of the recent listings. https://t.co/ekJ6y7wNw5 ...