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Global safe-haven demand drives up gold prices, maintaining a stronghold above $4,010, sparking a new wave of gold purchasing enthusiasm

2025-11-10 10:45:34 | 浏览 462

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On November 10, 2025, the global gold market showed strong activity as spot gold prices steadily broke through the crucial $4,010 per ounce mark, up approximately 0.2% from last Friday’s close. Market trading volume remained high, with October’s average daily turnover reaching a historical high of $561 billion. This price rise was primarily driven by safe-haven demand
, amid escalating global geopolitical and economic uncertainties that bolstered investors confidence in golds status as a secure asset.

Recently, central banks around the world have actively increased their gold reserves, notably with the Peoples Bank of China
marking its twelfth consecutive month of gold accumulation, strengthening official demand. Data shows the ongoing global central bank gold buying spree, with total purchases in 2024 exceeding 1,000 tons. Most central banks anticipate continuing to build their gold reserves to enhance portfolio diversification and risk mitigation.

Further, fluctuations in the US dollar index added mixed influences on gold prices. As global economic and political risks persist, gold is expected to continue playing a core safe-haven role, becoming a key focus for capital markets.

Overall, today’s gold market sustained an upward trend, reflecting heightened investor risk aversion and the profound impact of central bank purchasing strategies, signaling ongoing vibrant gold trading and strong price momentum ahead.

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