Nice Previews February 2nd 2023 Finn questions Sheila He wants

Nice Previews February 2nd, 2023: Finn questions Sheila. He wants to know who his real father is!

Let’s see what the Advances of Beautiful reveal for the February 2, 2023 episode. The plots of the soap opera episode aired on Canale5 tell us that Finn will ask Sheila to reveal the truth about her biological father, but Carter, consistent with Jack, will pretend he doesn’t know anything.

the progress from Nice there they reveal that in Episode aired on February 2, 2023 at 1:45 p.m on channel 5, we’ll see that the problem with Hope and Deacon won’t be the only thing worrying the Forresters. Likewise Finn will start over to wants to know more about his past and unfortunately for Steffy and her family, finds the right opportunity Per find out who his real father is. Boy, met Sheila at Il Giardinowill try it be revealed by her who is the his biological father. The doctor is unaware that the truth about his birth is more complicated than it seems. Jackthe man who raised him he wasn’t honest with him and it won’t be for a long time in agreement with Carterthe he will lie to his son and will keep a secret that has been around for several years now.

Nice insight: Sheila and Jack hide the truth from Finn

Steffy is startled by a request from Finn and her husband hopesafter lunch at Il Giardino, clarify your ideas e finally agree with her. the nice doctor revealed to his wife to have that desire to find out who it is the his biological father and Forrester immediately thought that her beloved husband was asking Sheila directly to confess this long-suppressed truth. And actually, Finnegan wouldn’t mind talking to his mother about his birth and who gave birth to him. But that’s practically impossible given the hatred the Forresters feel for Carter. Finn will then be forced to leave Steffy’s office and have to think about what his little wife just suggested: hire an investigator to find out everything. Little does the doctor suspect that very soon he will find out everything he should know. Indeed at Il Giardino Sheila and Jackwho we know to be Finn’s real father will remain lovable talk about her son he was born in Secret they could keep to themselves for years. Their conversation is interrupted by the arrival of the subject of their discussion.

Finn asks Sheila who her real father is: Here are the beauties’ advances of February 2nd, 2023

Jack will thank Sheila Per kept their secret. The Finnegan is at Il Giardino just to talk to his former lover and tell her that they still, and it’s unknown how long, they have to keep quiet about their relationship. but the conversation between the two is interrupted by Finn. boy will arrive at the restaurant and he will realize that he is good company. During Jack will hide, Carter will let her son see her and will approach him to greet him. The doctor will seize the opportunity remove a few pebbles from the shoe e he will ask her directly from tell him who his real father is. This question, which came suddenly, will make both the redhead and the older Finnegan cringe, who will listen to everything, keeping to himself.

Nice preview: Finn wants the truth, but Sheila says nothing

Finn will continue to question the woman like relentlessly The hope will continue in which He wanted to get his family to accept Deacon. Sharing quite a turbulent childhood due to their parents, the two boys will try anything to get what they want. But unfortunately with some difficulties. Sheila, in agreement with Jackwill hesitate and She will say she is not sure from who is the father of your child while Liam, Brooke and Ridge continue to look at Sharpe with disdain, waiting for his wrong move.

Let’s find out everything the weekly progress from Beautiful from January 30 to February 4, 2023

Nice airs on channel 5, From Monday to Saturday at 1:45 p.m.

Nice Previews February 2nd, 2023: Finn questions Sheila. He wants to know who his real father is! Read More »

Amanda Holden 51 shows off her fabulous physique in red

Amanda Holden, 51, shows off her fabulous physique in red lacy lingerie

‘It’s a yes from me!’ Amanda Holden, 51, shows off her fabulous body in red lacy lingerie as the evergreen presenter poses for a racy Valentine’s Day post

Amanda Holden attracted attention again on Wednesday, and this time it had nothing to do with her daily stroll to Global Radio’s studios.

The evergreen presenter, 51, showed off her undeniably toned physique in a red lace lingerie set while posing for a Valentine’s Day social media update.

Mum-of-two Amanda looked quite content in the two-piece, a matching Gossard bra and shorts by fashion brand JD Williams, as she reclined in a comfortable leather chair.

Looking good: Amanda Holden attracted attention again on Wednesday, and this time it had nothing to do with her daily stroll to Global Radio studios

Looking good: Amanda Holden attracted attention again on Wednesday, and this time it had nothing to do with her daily stroll to Global Radio studios

Captioning the shot, the clearly delighted presenter wrote, “It’s a yes from me!”

Despite resembling a Love Island contestant in her last post, Amanda recently admitted she has banned her daughter Lexi, 17, from appearing on the ITV2 show.

She said: “No way, my daughter will be 18 next year. It’s just another way of being famous, isn’t it? It’s not really about love. It’s all about looking hot and just going along with it.

There she is: Amanda frequently shows off her lithe body on social media

There she is: Amanda frequently shows off her lithe body on social media

“It’s just a great TV, but it’s not really for love, so I don’t want my daughter to be near it.”

The presenter previously admitted her teenager is “obsessed” with the series while hosting her daily Heart Breakfast radio show with Jamie Theakston.

She said: “So this is becoming kind of an obsession with my teenage daughter at home.”

Not a chance: Despite resembling a Love Island contestant in her last post, Amanda recently admitted she has banned her daughter Lexi, 17, from appearing on the ITV2 show

Not a chance: Despite resembling a Love Island contestant in her last post, Amanda recently admitted she has banned her daughter Lexi, 17, from appearing on the ITV2 show

“She’s never been interested in Love Island and she’s done now,” due to the explosive events.

“Which worries me a little, considering Michael Owen’s daughter is in it, and I’m like, ‘You never will, Alexa!'”

In March 2022, Amanda announced that her eldest daughter had signed to model agency Storm as she follows in her mother’s footsteps in show business.

'No!  Absolutely not': It comes after Amanda admitted during her breakfast show that she banned her daughter Lexi, 17, from appearing on Love Island (pictured together last month)

Promising career: In March 2022, Amanda announced that her eldest daughter had signed with model agency Storm as she follows in her mother’s footsteps in show business

She said: “Lexi was approached last year and obviously we waited until she was 16 to sign anything. It’s something she really wants to do, so I’ll take the lead from her.

“She’s a very quiet girl, but she knows her own mind. She is very bright and wants to continue her studies.

“There is no pressure and we will just see what happens. But finishing her education is her plan, she will have our support whatever she does.”

Amanda and her producer husband Chris Hughes also have a younger daughter, Hollie, 11.

Amanda Holden, 51, shows off her fabulous physique in red lacy lingerie Read More »

Bruna suspects Fred Nicacios intentions at BBB 23 It has

Bruna suspects Fred Nicácio’s intentions at BBB 23: “It has malice” Splash

Collaboration for Splash, in São Paulo

02/01/2023 07:50 Updated on 02/01/2023 07:50

Speaking this morning after Gabriel left BBB 23 (Globo), Bruna Griphao pointed out how she views Fred Nicácio’s game. The actress distrusts his intentions and classifies his strategy as malicious.

Bruno: “Every time we talk to Fred [Nicácio] it’s always about him. And it’s always a lecture (…) That’s what Amanda said, it always seems like he’s speaking to the public, not me.”

The nurse doubts the doctor’s intentions towards her. In the chat with MC Guimê, Larissa and Fred, he also pointed out that both he and Domitila play the BBB 23 with malice.

Bruno: “Both [Domitila e Fred Nicácio] They have the same stuff, only I think it’s lighter. In the end you get caught up in it. (…) From these examples I have seen that there is wickedness there.”

POLL BBB 23: What did Gabriel eliminate in the second paredão?

48.33%

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10.01%

Playback/Globoplay

7.88%

Playback/Globoplay

2.14%

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6.41%

Manuela Scarpa/Brazil News

8.01%

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17.22%

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A total of 749 votes

The UOL voting has no scientific character and has no influence on the result of the TV Globo broadcast

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warning Get ready for the polar cold on Friday

warning ! Get ready for the polar cold on Friday

Quebecers will need to wrap up warm to brave a bad cold hitting the province on Friday and Saturday.

Cold weather is likely to lead to the formation of snow squalls in Abitibi-Témiscamingue on Thursday before continuing south and central in the province and affecting the entire St. Lawrence River Valley.

In addition to the extreme cold alert, Environment Canada has issued a smog warning that will affect most of Quebec by Wednesday morning, causing poor air quality, particularly in major cities.

The passage of the cold front due to an arctic air mass will cause mercury to drop sharply from Thursday night to hit miserable levels on Friday and Saturday with temperatures of -22C and a feeling of -35C in the southern areas.

This polar cold will be accompanied by sunny weather, after a variable day on Thursday with clouds and intermittent snowfall, the federal agency forecast.

In the meantime, a fine day with alternating sun and clouds, even sunny weather awaits us on Wednesday, with seasonal temperatures, especially in Quebec and Montreal where it will be -9°C.

warning ! Get ready for the polar cold on Friday Read More »

1675253431 More style muscle and techno

More style, muscle and techno

The Mercedes-Benz GLE, the current generation of which dates back to 2020, is eligible for a mid-term update for the 2024 model year. It is one of the most popular mid-size luxury SUVs in Canada.

As suggested by the partially camouflaged models we tested on Austrian roads earlier this winter, the aesthetic changes are quite discreet. They are reduced to slight retouching on the bumpers, radiator grille, front air intakes and optical elements. Two body colors are added to the palette, and the new wheels range in diameter from 20 to 22 inches. The optional ambient lighting projects the Mercedes logo onto the ground.

The AMG versions develop similarly, but clearly show their sportier side. Special detail: for the first time, the AMG logo appears on the front of the bonnet and will be repeated on all future AMG models.

More style muscle and techno

Photo: Mercedes Benz

High quality interior

On board, the updated decor is inspired by that of the very opulent Mercedes-Maybach GLS as well as the S-Class sedan, while steering wheel-mounted touch sensors enable control of the dashboard and central screen (12.3 inches each). . The standard equipment has been revised and includes a 590-watt Burmester audio system with Dolby Atmos technology.

The MBUX multimedia system is the next generation with an improved display, redesigned menus and wireless integration of Apple CarPlay and Android Auto. The voice assistant “Hey Mercedes” can interact better with the driver and learn their habits. Please note that free software updates are possible and additional subscription services can be activated via the Mercedes-Benz Online Store.

1675253425 499 More style muscle and techno

Photo: Mercedes Benz

In Off-Road mode, the center display shows a view of the underside of the vehicle (as if the bonnet were transparent), including the position of the front wheels. This makes it easier to navigate narrow paths and rough terrain. In addition, active steering assistance (lane departure warning) remains switched on in tow mode, which was not the case before.

Electrification through and through

The four engines of the Mercedes-Benz GLE 2024 are mostly more muscular and now benefit from a mild hybridization, namely a generator starter with a 48-volt battery. The load on the combustion engine is reduced in certain situations and an additional 22 hp is available when accelerating.

  • GLE 350 4MATIC: 2-liter 4-cylinder turbo, 255 hp, 295 lb-ft, 0-100 km/h in 7.1 s
  • GLE 450 4MATIC: 3-liter 6-cylinder turbo, 375 hp, 369 lb-ft, 0-100 km/h in 5.6 s
  • GLE 53 4MATIC+: 3-liter 6-cylinder turbo, 429 hp, 413 lb-ft, 0-100 km/h in 5 s
  • GLE 63 S 4MATIC+: 4-liter biturbo V8, 603 hp, 627 lb-ft, 0-100 km/h in 3.8 s

1675253427 492 More style muscle and techno

Photo: Mercedes Benz

In addition, the AMG versions use all-wheel drive with fully variable torque distribution between the wheels, an AMG SPEEDSHIFT+ dual-clutch transmission with nine gears and the AMG RIDE CONTROL+ adaptive air suspension.

Still in production in Alabama, USA, the 2024 Mercedes-Benz GLE will go on sale in Canada in late spring. The prices will be announced shortly beforehand, but significant increases are to be expected.

In the video: Complete test of the Mercedes-Benz C 300 2023

More style, muscle and techno Read More »

Russia is preparing for maximum escalation warns Ukraine

“Russia is preparing for maximum escalation,” warns Ukraine

Ukraine today warned that Russia is preparing for a “maximum escalation” of the war as Kyiv prepares for Moscow’s much-anticipated three-pronged offensive in the spring.

Oleksiy Danilov, secretary of Ukraine’s National Security and Defense Council, said Vladimir Putin may be planning another simultaneous attack on the country from the north, south and east on February 24 to coincide with the anniversary of the start of the war.

Danilov warned that the bloodiest battles “are yet to come” and will take place in the next few months, at a “decisive” moment in the war.

He told Sky News: “Russia is preparing for maximum escalation. It collects all sorts of things, does exercises and trains.

Oleksiy Danilov (pictured), secretary of Ukraine's National Security and Defense Council, said Vladimir Putin may be planning another simultaneous attack on the country from the north, south and east on February 24 to coincide with the anniversary of the start of the war

Oleksiy Danilov (pictured), secretary of Ukraine’s National Security and Defense Council, said Vladimir Putin may be planning another simultaneous attack on the country from the north, south and east on February 24 to coincide with the anniversary of the start of the war

Ukrainian soldiers adjust a 60mm mortar barrel near the front line in the Donetsk region on Tuesday

Ukrainian soldiers adjust a 60mm mortar barrel near the front line in the Donetsk region on Tuesday

Ukrainian soldier Myroslav, 23, walks in a trench near a frontline position in the Donetsk region on Tuesday

Ukrainian soldier Myroslav, 23, walks in a trench near a frontline position in the Donetsk region on Tuesday

“As for an offensive from different directions, I can say for now that we are not ruling out any scenario in the next two to three weeks.”

Russia is expected to have launched a full-scale attack, ordering troops south of Belarus, north of Crimea and east of Donbas to encircle and strangle Kyiv forces.

Danilov said Putin could launch his three-pronged offensive against Ukraine on the anniversary of the war on February 24. “We understand that everything is on the table,” he said.

Speaking on whether the worst is yet to come on the battlefield, Danilov said: “Of course we’ve been through a very difficult time, but I’m aware that the main battles are still ahead and they will happen within two to three this year Months.

“These will be decisive months of the war. We have our own plans and they are clear to us. They are not hidden from our main partners.’

His comments came after Ukraine’s top general Valery Zaluzhny told The Economist last month Russia was preparing 200,000 fresh troops for a major offensive that could come from the east, south or even Belarus in the spring.

1675253332 8 Russia is preparing for maximum escalation warns Ukraine Russian Army soldiers practice at a military training ground in the Russian-controlled Donetsk region of eastern Ukraine on Tuesday

Russian Army soldiers practice at a military training ground in the Russian-controlled Donetsk region of eastern Ukraine on Tuesday

While Germany, the US and other western nations including the UK have announced plans to send fourth-generation main battle tanks to Ukraine, they will take months to arrive.

The process could even leave Ukraine stranded without the high-tech weapons until Moscow orders its much-anticipated three-pronged spring offensive.

The US doesn’t even have a ready stock of M1 Abrams tanks for delivery yet and needs to procure part of its fleet, while German Defense Minister Boris Pistorius said its Leopard 2 tanks won’t be ready until late March or early April.

Military analysts say more aid is crucial if Ukraine is to block an expected Russian spring offensive and mount its own efforts to push back Russian forces.

But Danilov is sure that Ukraine will win the war. “We will definitely win because we have the support of the whole world behind us,” he said.

Meanwhile, one of Russia’s top spies predicted on Wednesday that the NATO military alliance would not inflict a “strategic defeat” on Moscow despite sending billions of dollars worth of arms and military equipment to Ukraine.

Sergei Naryshkin, who heads Russia’s foreign intelligence agency SVR and is a close ally of President Vladimir Putin, accused NATO of upping the ante in the conflict by supplying Kyiv with more advanced weapons.

“NATO is upping the ante because it still dreams of a strategic defeat over Russia,” Naryshkin said in a television interview with the state news agency RIA, released on Wednesday. ‘But that’s not going to happen’.

His comments come as the United States prepares its latest military aid package to Ukraine, worth around $2 billion.

For the first time, the scope of supply includes missiles with a range of up to 150 kilometers.

Washington has previously been reluctant to supply Kyiv with such long-range weapons, apparently for fear they could be used in attacks on Russia itself, which could bring Moscow and NATO closer to the brink of direct conflict.

Naryshkin criticized Washington’s recent pledges of military aid, saying Moscow has “taken note of the expansion in both the volume and range of military equipment supplied.”

He said the United States and its allies are “determined to wage war with Russia to the last Ukrainian.”

Following promises by the United States, Germany and several other European countries to supply dozens of tanks to Ukraine, Russian officials including Foreign Minister Sergei Lavrov and Kremlin spokesman Dmitry Peskov have accused NATO allies of taking a more active role in the war.

Kyiv and the West say military stockpiles are vital to helping Ukraine defend itself against an illegal war of aggression being waged by Russia, which deployed tens of thousands of troops to Ukraine last February, which it did referred to as a “special military operation” .’

Meanwhile, Russian forces on the front lines are making incremental advances in their push to seize territory in eastern Ukraine’s Donetsk province, focusing on the town of Bakhmut, north of the region’s capital.

But the Ukrainian army today released footage of its troops launching an artillery attack on a Russian command post and ammunition depot near Bakhmut.

The Ukrainian military tweeted: “The gunners of the 28th brigade, together with the aerial reconnaissance of the 4th brigade of the National Guard, destroyed the occupier’s command post and ammunition depot.”

Having finally convinced NATO countries to supply the modern battle tanks, President Volodymyr Zelenskyy’s government is now pushing hard for some of Ukraine’s neighbors and western allies to supply fighter jets.

A Russian army soldier fired during a training session at a military training ground in the Russian-controlled Donetsk region on Tuesday, as an instructor stood nearby

A Russian army soldier fired during a training session at a military training ground in the Russian-controlled Donetsk region on Tuesday, as an instructor stood nearby

In Paris, after meeting with Ukrainian Defense Minister Oleksii Reznikov, French Defense Minister Sebastien Lecornu said there was no taboo on supplying Kyiv with fighter jets.

The United States and Britain have so far rejected the idea, but have reiterated their willingness to continue supporting Ukraine militarily.

The West has so far refused to send weapons that could be used in attacks deep within Russia for fear of sparking a wider conflict, although Moscow has denounced the West’s recent arms pledges as provocations.

Meanwhile, Ukrainian troops in Bakhmut came under renewed fire, as did Klishchiivka and Kurdyumivka, villages at the southern approaches to the city, the General Staff of the Ukrainian Armed Forces said in a statement Tuesday evening.

Bakhmut has suffered months of relentless bombardment as Russian forces resorted to the same destructive tactics they used in June and July to capture two cities further north – Sievierodonetsk and Lysychansk.

Russian forces on Tuesday made no progress in their attempts to advance on Avdiivka, the second focal point of Russian attacks in the Donetsk region, the Kyiv military general staff said.

Russian forces were also attempting to advance near Lyman, a town further north in the Donetsk region that was recaptured by Ukrainian forces in October, the military said.

Ukrainian military analyst Oleh Zhdanov said on YouTube that Russian forces in the region are regrouping, bringing conscripts into what he calls a “transmitter of death.”

“We inflict as much damage as possible and they are forced to deploy new forces to keep up the constant attacks on our troops,” he said.

“Conscripts cannot keep up the pace of previous attacks… Their physical abilities are not up to the task and their motivation is much weaker.”

Russia pushed further west in Donetsk by shelling the town of Vuhledar and half a dozen other towns and villages, the Ukrainian military said. Vuhledar is about 148 km (90 miles) southeast of the main battles in and around Bakhmut.

Britain’s MoD said the Russian force in the new Vuhledar attack is at least the size of a brigade, a unit typically made up of several thousand soldiers.

In the neighboring Luhansk region, a planned Ukrainian advance has slowed and an attack to liberate the town of Svatovo has been delayed due to bad weather, the sector’s military commander Yuri Federenko told Espreso TV.

Wagner mercenaries and “special forces in Ukrainian uniforms” who could speak Ukrainian are active in the area, he said.

“Russia is preparing for maximum escalation,” warns Ukraine Read More »

Britain hit by biggest day of strikes in a decade

Britain hit by biggest day of strikes in a decade as wage disputes escalate

London CNN —

Up to half a million workers are on strike across Britain on Wednesday, closing schools, canceling university lectures and bringing most of the rail network to a standstill in what unions say will be the biggest single day of strikes in more than a decade.

Teachers, university staff, train drivers and civil servants – including staff checking passports at airports – are striking in large numbers over pay and working conditions as living standards continue to fall after years of sub-inflation rises.

At the same time, the Trades Union Congress, representing 48 unions, is holding over 75 rallies across the UK to protest a government bill it says is an “assault” on the right to strike. The law provides that in the fire, ambulance and rail sectors, basic levels of service must be maintained in the event of strikes.

The escalation in strikes comes just weeks after the government tried to settle wage disputes in a bid to end the worst wave of industrial unrest the country has seen in decades. Many public sector workers have been offered pay rises of 4% or 5% for the current fiscal year, with annual inflation at 10.5%.

Up to 300,000 Teachers are expected to go on strike on Wednesday, marking the first of seven days of strikes in February and March by the National Education Union, the sector’s largest union. Strikes will affect around 23,400 schools, around 85%, in England and Wales, with many closing in whole or in part.

Wednesday also marks the start of strikes by 70,000 members of the University and College Union (UCU) which will hit 150 UK universities and affect 2.5 million students over 18 days in February and March.

Meanwhile, more than 100,000 members of the Public and Commercial Services Union, which represents civil servants, will go on strike in 123 departments and agencies over pay, pensions and job security.

Only around 30% of train traffic is expected to operate in the UK on Wednesday, according to British railway company Rail Delivery Group, which issued a statement on its website warning that the disruption could stretch into the rest of the week as many trains are not running be real depots.

The strikes will weigh on already slowing economic growth. The UK is likely to be the only major economy to slip into recession this year after posting one of the strongest growth rates among advanced economies last year, according to the International Monetary Fund (IMF).

The IMF has slightly raised its forecast for global growth on the back of China’s reopening and an improvement in financial conditions amid a gradual decline in inflation.

However, the Fund has become more somber on the UK.

Research director Pierre-Olivier Gourinchas said this was due to higher energy prices, lower productivity due to employment not recovering to pre-pandemic levels, and increased inflation leading to higher interest rates and mortgage costs.

The IMF expects UK inflation to remain above 8% this year, compared with 4.6% in advanced economies and 6.6% globally. The UK economy will contract by 0.6% in 2023, a 0.9 percentage point downgrade from its October forecast.

An economic slowdown and persistent inflation will exacerbate a cost-of-living crisis affecting thousands of workers as wages fail to keep pace with soaring prices.

The average 5% salary increase for teachers this year is inadequate, especially as it follows a decade of “wage erosion” leading to a “crisis of recruitment and retention,” Niamh Sweeny, deputy secretary general of NEU, told CNN.

According to the union, senior teachers’ salaries have fallen 23% since 2010, when inflation is factored in. According to Sweeny, real-world salaries for support workers like teaching assistants have fallen by 27%, and some can make more at their local supermarket than they can in education.

A spokesman for the Ministry of Education replied: “Strike action is extremely damaging to children’s education, especially after the disruption children have experienced in the past two years.”

Sian Elliott, a senior policy officer at the Trades Union Congress, told CNN that the solution to the strike wave was simple: “All that is needed to settle the current dispute is to offer an improved wage deal.”

But instead of resolving pay disputes, the government has “rushed” through parliament an anti-strike bill without proper scrutiny or impact assessment, she added.

Britain’s firefighters voted to go on strike for the first time since 2003, in a sign that labor unrest could escalate further. The Fire Brigades Union has given the government until February 9 to come up with an improved salary offer.

Nurses and ambulance drivers will start a new wave of strikes next week.

— Olesya Dmitracova contributed to the coverage.

Britain hit by biggest day of strikes in a decade as wage disputes escalate Read More »

Gold demand surges to 11 year high in 2022 on colossal

Gold demand surges to 11-year high in 2022 on ‘colossal’ central bank purchases

Bars of 99.99 percent pure gold are placed in a workroom at the Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023.

Alexander Mansyuk | Portal

Gold demand surged to an 11-year high in 2022 on “colossal central bank buying, supported by vigorous buying by retail investors,” according to the World Gold Council.

Annual gold demand rose 18% for the year to 4,741 tons (excluding over-the-counter or over-the-counter trading), the highest annual figure since 2011, fueled by record fourth-quarter demand of 1,337 tons.

Key to the rise was a 55-year high of 1,136 tonnes bought by central banks during the year, the industry-backed group revealed, noting that the majority of those purchases were “unreported”.

This was a 152% increase from 2021, when central banks bought just 450 tonnes of gold and the World Gold Council attributed the surge to geopolitical uncertainty and high inflation.

“Net central bank purchases in Q4 were 417t, bringing total purchases in H2 to 862t. Similar to Q3, data for the final quarter of the year was again a combination of reported purchases and a significant estimate for unreported purchases,” the WGC said.

“Should more information about this unreported activity become available, these estimates may be revised.”

Gold Becomes More Expensive for Consumers, Which Could 'Slow the Brake' on Rally: HSBC

Investment demand for gold rose 10% to 1,107 tons, while holdings in gold ETFs (exchange traded funds) saw smaller outflows in 2022 than a year earlier.

Jewelry consumption fell 3% to 2,086 tonnes in 2022, with much of the weakness centered in the fourth quarter as gold prices rose.

Total annual gold supply rose 2% to 4,755 tonnes in 2022, with mine production hitting a four-year high of 3,612 tonnes.

Central bank bulk purchase

“This has been a stellar year for central bank purchases: 2022 was not only the thirteenth consecutive year of net purchases, but also the second-highest level of annual demand since records began through 1950, boosted by +400t ​​demand in both the third and third fourth quarter,” the WGC said.

The group’s annual survey of policymakers found that the top reasons for holding gold were its “performance in times of crisis” and its “role as a long-term source of value.”

“Therefore, it is hardly surprising that in a year marked by geopolitical uncertainty and runaway inflation, central banks have opted to continue to fill their coffers with gold at an accelerated pace.”

The majority of central bank purchases in 2022 came from emerging markets, with the central bank of Turkey being the biggest buyer with a record 542 tons. China, India, Egypt, Qatar, Iraq, the United Arab Emirates and Oman all significantly increased their gold reserves over the year.

“It could be different this time”

Despite a difficult backdrop of rapid rate hikes and a strong US dollar for much of the year, the fourth quarter’s rebound was enough to propel gold prices up slightly for 2022, with the precious metal posting a quarterly gain of 3% on a year-to-year increase of 0, 4%

Gold typically weakens during periods of rising interest rates and a strong dollar, in part because it’s priced in US dollars, although most demand comes from outside the US, Wells Fargo pointed out in a statement last week. This means the purchasing power of non-US buyers will be reduced and global gold demand will be impacted.

Wells Fargo’s head of real asset strategy, John LaForge, also noted that because gold is an interest-bearing asset, it becomes less attractive to institutional investors who can buy Treasuries and other interest-bearing assets when interest rates rise.

Charts suggest investors should ignore

Gold started 2022 well, gaining 12% through March, but fell as the US Federal Reserve began aggressively raising interest rates to curb inflation, resulting in a stronger dollar and significant headwinds for the precious metal generated.

Spot gold prices are also up more than 5% so far in 2023, trading at around $1,926 a troy ounce as of Wednesday morning. LaForge said that while Wells Fargo is currently neutral on precious metals versus other commodities, it doesn’t necessarily expect the US banking giant to perform poorly.

Wells Fargo’s year-end target range remains $1,900 to $2,000, but LaForge said “this time might be different.”

“We may even need to increase our target range at the end of 2023 if the US dollar remains range-bound and we gain confidence that rate hikes are nearing completion,” he added.

Gold is becoming “very expensive” for consumers.

James Steel, chief precious metals analyst at HSBC, said rising prices could eventually dampen demand in 2023 as gold becomes “very expensive for consumers” given that around 70% of purchases are concentrated in emerging markets.

“Buying local – coins, bars, jewelry – is going to get increasingly expensive and that could at least contain the rally so I would certainly be cautious and HSBC’s camp is that the Fed will keep rates and not cut them in the second half of the year,” he said.

“If this is realized during 2023, it could also deprive the gold market of some oxygen.”

Gold demand surges to 11-year high in 2022 on ‘colossal’ central bank purchases Read More »