#central-bank-demand

#central-bank-demand

Gold pushed through the $4,000 mark after weeks of steady buying turned into a clean breakout. The catalysts were not a single headline but a stack of pressures coming together: a softer path for real rates, persistent geopolitical risk, steady central bank demand, and bursts of ETF participation. For London-based investors, the practical question now is whether the risk premium holds or we see a retest below the round number.

Shares in China's Zijin Gold International surged more than 60% on its debut in Hong Kong on Tuesday after raising more than $3 billion in one of the world's biggest initial public offerings this year. The blockbuster opening comes as gold prices continue to hit record highs amid surging demand for the safe-haven asset to head off broader market volatility and expected U.S. interest rate cuts.