First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/12/23/other-central-banks-loading-up-on-gold-wary-of-us-002646
Investors got some superficially good news on the economy this week. But it turned out to be bad news for markets. Equities and precious metals markets sold off on Thursday following government data showing that the economy grew faster than expected in the third quarter. GDP was revised upward to a 3.2% annual pace from July through September.
