All articles tagged with #bullion prices
China's central bank resumed gold purchases in November, adding 160,000 fine troy ounces to its reserves after a six-month hiatus, as gold prices reached record highs. This move follows an 18-month period of consistent stockpile increases by the People's Bank of China, which had previously supported strong bullion prices.
Despite the geopolitical tensions and uncertain global economy, the specific reasons for gold's recent surge to an all-time high are not entirely clear, as the relationship between gold prices and interest rates is not straightforward. While gold is traditionally viewed as a safe haven and prices are expected to rise when interest rates fall, the current situation presents a more complex picture.