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Gold Price Surge Explained
- Gold's price has skyrocketed from about $250 to over $3,500 an ounce in 25 years.
- Its price is driven by supply and demand, reflecting what someone is willing to pay at any moment.
Central Banks Boost Gold Demand
- Central banks, especially in developing countries, have increased gold purchases since geopolitical tensions.
- This boosts gold demand beyond retail investors and reduces reliance on the US dollar.
Research Before Gold Investment
- Always conduct your own research before investing in gold or any financial product.
- Check if providers are FCA regulated and offer compensation protection to avoid risks.