Central banks have been net buyers of gold since 2009. This momentum has accelerated significantly again in the past year. In 2022, central banks increased their purchases by 152%, to over 1,136 tons

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by BoatSurfer600

https://kingworldnews.com/tick-tock-gold-price-will-be-unleashed-to-a-new-all-time-high/

The gold price already seems to anticipate that the restrictive US monetary policy will turn out to be a bluff. Even if the gold price in US dollars has not yet marked a new all-time high, the all-time highs in various other currencies are a harbinger of the breakout in US dollars

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Global commodity supply curves may now be nearly vertical – a recipe for medium-term stagflation