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 Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE Gold Consolidates After Record High Amid Rate Cut Speculations READ MORE Oil Prices Rise Amid Global Tensions and Economic Stimulus READ MORE The High Cost of Returning to the Office: Survey Reveals Increased Employee Resentment and Costs READ MORE How US Election Outcomes Could Boost Precious Metal Prices READ MORE Add a Comment Cancel replyYour email address will not be published.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