Gold Gains on Central Bank Buying, Investor Demand

Gold Gains on Central Bank Buying, Investor Demand

Gold futures rose close to record highs on strong safe-haven demand.

Futures were up 0.4% at $3,238.40 a troy ounce, close to Friday’s record high of $3,263/oz.

The precious metal has also gained on reports of the Czech central bank further boosting holdings, alongside the Chinese central bank’s higher gold import quotas for commercial banks.

DJ Kamal Mustafa

DJ Kamal Mustafa

I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.

I’ve been a journalist for over 10 years, and I’m currently associated with EMEA Tribune, ARY News, Daily Times, Samaa TV, Minute Mirror, and many other media outlets. Throughout my career, I’ve remained committed to uncovering the truth and providing valuable insights that inform and engage the public.