Major Global Bank Shifts 100% of Commodity Holdings to Gold as Demand Soars — Is $2800 in Sight?

In a bold move, Societe Generale has shifted 100% of its commodity allocation to gold, driven by geopolitical risks and a weakening broader commodity market, according to a report by Ernest Hoffman for Kitco News. Société Générale (SocGen) is one of France’s largest and oldest financial institutions, founded in 1864. It is a multinational investment […] source: https://www.cryptoglobe.com/latest/2024/09/major-global-bank-shifts-100-of-commodity-holdings-to-gold-as-demand-soars-is-2800-in-sight/