There must be other explanations for the rally in gold and silver. For gold, there is a notable new phenomenon on the demand side - the rise of major central banks as purchasers of gold in 2024. In 1971, the dollar replaced gold as currency of the global economic system when the US government ended convertibility of the dollar to gold, a system that had been in place since the Bretton Woods Agreement of 1944. Central banks around the world built up their dollar reserves, with gold reserves becoming secondary. Read The Rest at :
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