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 Global IT Outage Causes Financial Chaos and Delays READ MORE U.S. Business Activity Slows to Four-Month Low; Mixed Inflation Signals Emerge READ MORE Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation Assessment READ MORE Declining Confidence in Credit Card Repayment Among Americans READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE Add a Comment Cancel replyYour email address will not be published.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