Central Banks Fuel Gold's Ascent to Unprecedented Levels Gold has surged to its highest level ever, surpassing $2,400 per troy ounce, driven by geopolitical uncertainties and significant purchases by global central banks, especially from emerging markets. Despite rising real interest rates, which typically dampen gold’s appeal, central banks have bought around 2,200 tons since late 2022, accounting for over a fifth of global demand. This trend highlights gold’s allure as a sanctions-proof asset amid geopolitical instability. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts NYSE Resolves Software Glitch After Erroneous 99% Stock Drop Displays READ MORE Are the Gold Bulls Overexuberant? READ MORE New Highs For Gold & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE Fed’s Barr Declares End to Emergency Loan Program Amid Banking Stability READ MORE Central Banks Tread Cautiously in Final Stretch of Inflation Battle READ MORE Add a Comment Cancel replyYour email address will not be published.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