What's Driving Gold Prices

Key Gold Market Data

Central Bank Buying

Central banks purchased over 1,000 tonnes of gold in both 2023 and 2024, the highest levels in decades.

All-Time Highs

Gold reached new all-time highs in 2024-2025, driven by central bank demand and inflation hedging.

Supply Constraints

Global gold mine production has plateaued, with major new discoveries becoming increasingly rare.

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