Its global – Gold making new all time highs across the planet

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An industry expert noted, “We are witnessing an era where gold’s importance as a financial instrument is more prominent than ever before.” Central banks are also contributing to this momentum by boosting their gold reserves, reflecting a global consensus on the metal’s enduring appeal.

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But why is gold’s allure so strong right now? One major driver is the inflationary environment. With prices of goods and services on the rise, gold is seen as a hedge against the devaluation of paper currency. In addition, supply constraints play a role. Gold mining production has not kept pace with increasing demand, adding upward pressure on prices. Emerging markets continue to show robust demand, particularly in regions like Asia-Pacific where gold has cultural and economic significance.

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Sources:

https://www.mordorintelligence.com/industry-reports/gold-market

https://www.gold.org/goldhub/data

https://www.fxstreet.com/markets/commodities/metals/gold


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