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 Fed's Schmid Advocates Caution as Inflation Nears Target READ MORE Cooling Inflation Sparks Treasury Rally, Reshaping Fed Policy Outlook READ MORE Gold Prices Forecasted to Reach $2,500 in 2024, UBS Says READ MORE Poll Reveals Disconnect Between Americans' Economic Perception and Reality READ MORE Think Tank Expert Recommends Measures to Halt De-Dollarization READ MORE Add a Comment Cancel replyYour email address will not be published.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