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 Mortgage Rates Hit Lowest Level in Over a Year READ MORE Einhorn's Outlook: Few Federal Rate Cuts and a Strong Case for Gold READ MORE Gold Holds Ground Above $2,512 Amid Mixed Economic Signals READ MORE Brooklyn Pawnshop Sees Surge in Gold Sales Amid Price Rally READ MORE SAXO Bank: Can Gold Overcome the ‘September Curse’? READ MORE Add a Comment Cancel replyYour email address will not be published.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