Investors predict that the price of gold will reach a record high within 24 months. Meanwhile, data shows that central banks' gold purchases in September reached the highest level in nearly two years. On the 14th, due to expectations that the Federal Reserve might raise interest rates again, the price of gold fell by about 2% to 4,075 US dollars/ounce, but some fund managers expected that the price of gold would rebound. As of the press release by the First Finance Press, the current spot gold price has rebounded and recovered, at around 4,140 US dollars/ounce. According to preliminary data from the World Gold Council, central banks' gold purchases rose to the highest monthly level since November 2024 in September, and the recorded purchase volume is about 63 tons. This data was compiled by the industry association based on information provided by central banks and the International Monetary Fund.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.