PRECIOUS METALS | Central Banks Plan Record Gold Buying Despite 20% Price Rise, Survey Finds

Rising geopolitical risks are driving higher demand for gold, a survey by the London-based independent research group Official Monetary and Financial Institutions Forum (OMFIF) found. According to Jin10, the survey said that although gold prices have surged by more than 20% from a year earlier, the share of central banks reporting plans to increase their gold investment has still reached a record high.