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 U.S. Economy Defies Expectations with 2.8% Growth in Q2 READ MORE Einhorn's Outlook: Few Federal Rate Cuts and a Strong Case for Gold READ MORE McDonald’s $5 Meal Deal Highlights Inflation Battle READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains Shaky READ MORE Banking Sector Woes Propel Treasury Rally, Rate Cut Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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