Gold's price rally could pick up speed
Global demand for gold in 2022 rose by 18%. According to the World Gold Council's (WGC) annual report, purchases of the precious metal by central banks around the world reached their highest level in 11 years. This trend indicates that central banks are increasing the share of gold in their gold and foreign currency reserves. Amidst this high demand, XAU/USD's uptrend could strengthen.
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