![This central bank will probably continue to purchase a significant amount of gold](https://market-tracker.in/wp-content/uploads/2024/03/2350389-600x400.jpg)
This central bank will probably continue to purchase a significant amount of gold
Gold’s price surge surpasses oil and copper, attracting central bank purchases in emerging markets. Unlike fiat currencies, its limited supply protects against inflation and currency devaluation, ensuring stability and financial stability. Gold also lacks credit or counterparty risk. Geopolitical factors drive gold demand, with 81% of central banks expecting global gold reserves to increase, and…