Gold Soars Amid Geopolitical Tensions: A Safe-Haven Surge In April 2024, the World Bank’s precious metals price index climbed 9%, with gold reaching a nominal record of $2,331 per troy ounce. This rise is driven by strong demand from emerging markets and developing economies (EMDEs) amidst geopolitical uncertainties, with central banks in China, India, and Turkey leading the charge. While silver and platinum also saw price increases due to industrial demand and supply constraints, sluggish industrial activity in major economies poses a potential downside risk. Overall, gold is expected to maintain its upward trend, supported by robust central bank buying and safe-haven demand. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts MAS Singapore Gold Vault READ MORE Oil Dips as Tensions Rise: Market Braces for Iran's Next Move Against Israel READ MORE Harris to Outline Economic Vision at Chicago Convention READ MORE UBS: Gold's Record Rally Has Room to Run Despite $2,500+ Prices READ MORE Singapore’s central bank MAS boosts gold reserves to nearly 200 tonnes READ MORE Add a Comment Cancel replyYour email address will not be published.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