CoinScoopCentral Bank Gold Purchases, Record LME Copper Prices, and Middle East Geopolitical Updates
The People's Bank of China recorded its largest monthly gold purchase in the current cycle during August. Huawei released a new high-performance chip after a six-year hiatus. LME copper prices reached a record high of $14,533, while the Japanese Yen hit its highest level since February at 154.3. Geopolitical tensions include an attack on Saudi Aramco facilities and Iran's announcement of a new missile.
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