Record Gold Demand Driven by Central Bank Purchases and Safe-Haven Seeking Investors

Reported about 8 hours ago

Gold demand has reached unprecedented levels, largely due to significant purchases by central banks and investors looking for stable assets amid rising tariffs and inflation concerns. Recent data highlights that 2024's total gold demand soared to a record 4,974 tonnes, with gold prices hitting new highs above $2,877 per ounce, marking a continuation of strong market performance driven by strategic buying from central banks and investors alike.

Source: YAHOO

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