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 Gold Prices to Stay Strong Through 2024, Some Say $3,000 is a Stretch READ MORE MetalsDaily – We need to talk about China… READ MORE Gold Forecasts Range from 25% to 50% Upside Over the Next Few Years READ MORE Costco Offers Gold, But Reselling Proves Challenging READ MORE China's Gold Market: ETF Inflows Surge Despite Weak Wholesale Demand in June READ MORE Add a Comment Cancel replyYour email address will not be published.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