Gold prices, and stocks, like Barrick Gold (GOLD) could push higher.

All with central banks around the world loading up on the metal. 

Despite a year-on-year decrease of 103 tons in purchases during the second quarter, net purchases by central banks worldwide still hit a record-breaking 387 tons in the first six months of the year, according to the latest data compiled by the World Gold Council (WGC),” as noted by Global Times.  The WGC also added that central bank gold buying will remain strong throughout the year, especially with ongoing geopolitical tensions and challenging economic conditions around the world. 

China, for instance, just raised its gold reserves for the ninth straight month, as it continues to diversify its reserves.

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We should also note that GOLD just announced a 10-cent dividend for the second quarter of 2023. It’s expected to be paid on September 15, 2023 to shareholders of record at the close of business on August 31, 2023. 

“As a result of the continuing overall strength of our business and balance sheet, we have maintained the distribution of a robust base dividend to our shareholders, while our Performance Dividend Policy provides the potential for additional upside going forward,” said senior executive vice-president and chief financial officer Graham Shuttleworth.


Ian Cooper