Senior analyst at the World Gold Council, Krishan Gopaul, reported recently that gold purchases by Central Banks were similar to those in March, but that sales stopped in April, resulting in significant net gains for Central Banks.
The price of gold has fallen from the record highs of early 2024, but Jeff Clark, editor of Paydirt Prospector, believes the yellow precious metal will continue to rise through the end of 2024.
According to some experts, the situation with gold may soon become a little unstable. They believe that the yellow precious metal is moving faster and faster towards its "mining peak", Stockhead reports.
The recent drop in gold prices was due to two factors that caused the yellow precious metal to fall below the $2,300 per ounce mark. The positive U.S. labor market and China's central bank are being held responsible.
U.S. residents' confidence in public authorities continues to decline. In the coming years, this topic will become the dominant one for investors. It is important to choose an asset that will at least allow you to preserve your existing savings from crisis events that may occur at any moment.
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