#Gold & #Silver Review $GLD $SLV #GC_F #SI_F - Italy Wants To Control Its Own Gold

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Italy Wants To Control Its Own Gold

Italian lawmakers, led by Senator Lucio Malan of Prime Minister Giorgia Meloni's party, plan to push a measure asserting that the Bank of Italy's $300 billion gold reserves belong to the state. The proposal aims to prevent improper use of the reserves, which constitute the world’s third-largest national gold stockpile. The government will seek opinions from the Bank of Italy and the European Central Bank before passing legislation. While the move raises concerns about potential conflicts with EU rules on central bank independence, Malan stressed the goal is not to sell the gold but to clarify ownership.

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