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 ‘Just a Matter of Time’ Before Gold Gets to $3,000 Says Bloomberg Strategist READ MORE Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE Gold Prices Ease After Record Surge Amid Middle East Strife READ MORE Copper Short Squeeze Rocks Global Markets as US Prices Soar READ MORE Add a Comment Cancel replyYour email address will not be published.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