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gold
Business / 3 weeks ago
Gold reaches new highs as investors seek safety
Gold has taken centre stage in 2025, with prices climbing by nearly 60 % so far this year to trade around US $4,250 per ounce, according to Trading Economics data. The rally reflects a growing appetite among investors for safety amid global economic uncertainty and geopolitical pressure.
Business / 11 weeks ago
The world’s top gold producers in 2024: China leads, US holds steady
Gold remains one of the most sought-after commodities on Earth, valued not only as a financial haven during times of economic instability but also as a key industrial and technological resource. In 2024, global gold production reached approximately 3,661 metric tonnes, setting a new record amid surging demand from central banks and investors worldwide. But which nations are driving this output, and how do they rank on the global stage?
Business / 49 weeks ago
Central banks turn to gold as global volatility rises
As economic uncertainty and geopolitical tensions intensify, central banks worldwide increasingly turn to gold as a financial safeguard. Gold reserves, seen as a stable and reliable anchor, have become an essential part of the government's strategies to ensure fiscal security. These reserves act as a tangible backstop for national wealth, insulating economies from currency fluctuations and rising inflation. Recent research by the World Gold Council reveals significant increases in gold holdings by several countries, reflecting their proactive approach to economic stability. China has emerged as a leading buyer, maintaining a 15-month streak of gold purchases. This move aligns with Beijing's broader efforts to diversify its foreign exchange reserves and reduce reliance on the U.S. dollar. With global trade dynamics shifting and geopolitical risks on the rise, China's aggressive accumulation of gold underscores its commitment to securing its economy against external shocks.
