Editor’s Note
Gold prices have surged to record highs, driven by geopolitical tensions and market volatility. This article examines the factors behind the rally and its implications for investors.
Gold prices have reached record levels. On the MCX, the price of gold has crossed 84,200. The surge in prices is primarily due to the US-China trade war. Meanwhile, on COMEX, gold is trading near $2,900. During this period, the spot price in the US has crossed $2,855. Gold has gained 3% in a week and 8% in a month.
The article’s title references a forecast from the World Gold Council (WGC) for gold consumption in 2025, but the provided content does not include the specific details of this forecast. The main body discusses the current price rally and its drivers.