🚨BREAKING NEWS – Its global – Gold making new all time highs across the planet pic.twitter.com/cKObgaI5mC
— Northstar (@NorthstarCharts) January 22, 2025
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.
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.
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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