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Joe Cavatoni identifies three factors driving gold’s new highs this year: the global demand for gold from central bank buying, a “tale of two cities” in investment sentiment between Eastern and Western markets, and overall geopolitical tensions. He thinks the trend will continue into 2025, though he says it might not be such a record year.

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Central Banks Shunning Dollar for Gold Ahead of Trump 2.0

Schwab Network

Central Banks Shunning Dollar for Gold Ahead of Trump 2.0