Geopolitical Uncertainty Fuels Gold's Record-Breaking Demand ...Middle East

OILPRICE - Economy
Geopolitical Uncertainty Fuels Golds Record-Breaking Demand
source : OILPRICE ( Middle East ) () 52
Demand for gold reached record highs in 2024 fuelled by “eye-watering” interest from central banks and global investors, a fresh report has said. Total demand reached 4,974 tonnes, and the value of global demand shot up to $382bn, over a year which saw the gold price surge by 26 per cent. Central banks hoovered up over 1,000 tonnes of the yellow metal for the third year in a row, cementing a years-long trend of nation states growing their gold stocks in favour of reserve currencies like the dollar. “Gold’s performance in…

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