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Who's Keeping Gold's Record-Breaking Rally Going?
Gold prices hit a record US$3,728 (RM15,666.91) per troy ounce on Monday, extending a rally that has boosted them twofold since late 2022. Demand is expected to remain robust for some time due to a mix of factors. Central bank purchases and strong investment demand, visible in inflows into physically backed gold exchange-traded funds (ETFs), are the main drivers, fuelled by US President Donald Trump's upending of Western security policy, his trade wars with other countries and concerns about the independence of the US Federal Reserve (Fed). Annual net purchases of gold by central banks have exceeded 1,000 metric tons ... (full story)
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- Sep 22, 2025 8:17pm Posted byFundamental Analysis382
