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 Ukrainian Drones Strike Deep, Hitting Major Russian Oil Refinery READ MORE Chinese Shops Disappear with Customers' Gold READ MORE Former Treasury Secretary Calls for Scrapping 20-Year Bond READ MORE Gold Poised for Third Quarterly Gain as Investors Await US Inflation Data READ MORE Are the Gold Bulls Overexuberant? READ MORE Add a Comment Cancel replyYour email address will not be published.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