Gold prices continue to climb since 2024, up nearly 7% in the year

Since 2024, the international gold price from the beginning of the year 2062 U.S. dollars per ounce rose to the highest per ounce exceeded 2200 U.S. dollars, the annual rate of increase reached nearly 7%. Gold analyst Li Yang said, the main reason is that the market on the Fed's interest rate cut is expected to gradually strengthen, the market liquidity gradually loose, interest rates downward leading to funds may choose other investment varieties to seek higher returns. In addition, global central banks to meet the demand for hedge and foreign exchange reserve diversification, continued to increase gold reserve holdings, also supported the rise in gold prices. The World Gold Council's "2023 central bank gold reserves survey" shows that 62% of central banks said that gold will account for a larger share of the total reserves.