Central Banks' Gold Rush Propels Prices to Unprecedented Levels Gold prices have surged to new highs, fueled largely by significant purchases from central banks. On the New York Mercantile Exchange, June futures rose 0.5% to $2,357 per troy ounce, reaching an all-time peak of $2,372.5. This uptick represents a 4.4% gain in the past week and nearly 11% over the past year. A significant factor behind this rally is the consistent increase in gold reserves by central banks, with China’s central bank boosting its gold reserves for the 17th consecutive month in March. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Elon Musk Sounds Alarm on U.S. Fiscal Health as Debt Interest Consumes Tax Revenue READ MORE World Gold Council Survey: 29% of Central Banks to Increase Gold Holdings in 2024 READ MORE Rising Pay and Benefits Signal Potential Inflation Challenges for Fed READ MORE ZeroHedge: Two Cheers for Vivek Ramaswamy's Commentary on the Fed READ MORE Recession Mentions in Earnings Calls Fall as Economic Outlook Improves READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment