Islamabad:
With the increase in uncertainty in global financial markets, investors and sovereign states have turned towards gold, the current global tensions, trade sanctions, and the growing economic war have made gold once again.
US President Donald Trump’s actions have led to a stir in the global markets, US stock markets have seen severe downturn, the dollar was weakened, and surprisingly American treasury bonds, which were always considered a safe haven, began to sell rapidly.
Read more: Gold, far from the reach of the public, the price reached a new record height
In the same context, gold has once again become the center of global investment, with the end of April 2025, the price of gold has reached a historic level of $ 3,300 an ounce, with global central banks bought more than 290 tonnes of gold in the first quarter of the year, which is a record.
Countries such as China, Turkey, India, and especially Germany are not only buying gold but also moving it to their countries, the German government has shifted 670 tonnes of gold back from New York and Paris to Frankfurt, while the political pressure is also being emphasized on the return of the reserves.
