Gold has definitively broken out of the range it's been stuck in since the start of this decade, reaching a record $2,195 per troy ounce this month. While a surge of buying from China is likely behind the recent rally, some of the more conventional factors that typically propel the yellow metal are starting to fall into line. Fresh records beckon.

China has been diversifying its state foreign reserves into gold for much of the past decade, though reporting of its activity has been patchy. Whether China continues to add at record prices is now a big question, but appetite from the nation’s wealthy individuals seems to remain unsated.

QOSHE - Gold’s Record-Setting Pace Is Exuberantly Rational - Marcus Ashworth
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Gold’s Record-Setting Pace Is Exuberantly Rational

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14.03.2024

Gold has definitively broken out of the range it's been stuck in since the start of this decade, reaching a record $2,195 per troy ounce this month. While a........

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