In the early months of 2024, geopolitical tensions have significantly influenced gold prices, prompting investors to seek the safety of gold amid global commodity price declines.
The consistent accumulation of gold by central banks reflects a strategic need to diversify reserves and hedge against economic uncertainties, supporting gold's elevated prices.
Despite softer global demand leading to declines in many commodity prices, gold remains attractive due to geopolitical risks and the steady demand from central banks.
Economic conditions, such as inflationary pressure, also impact gold prices; while lower inflation may reduce demand, geopolitical uncertainties continue to support price stability.
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