Increasing Gold Demand Globally

Sudan Events: Nahid Oshi

Global gold prices recorded a noticeable increase during the last week of the year 2023, and an ounce rose on the gold exchange to $2,047, after a previous close at $2,045, after rising $14 the day before yesterday.
Gold prices have reached record levels globally that they have never reached before, as they recorded significant increases in recent weeks, not only due to expectations of lowering interest rates, but also increased Chinese demand, amid a state of uncertainty about the economy amid expectations that demand from China and India will increase during the coming period. It is also expected that Chinese demand for the yellow metal will continue to rise during the coming period, particularly with the decline in economic growth in the coming years.