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The safe haven commodity has been on a strong upward trend since the end of 2023 when central banks drastically increased their gold buying, accounting for 20% of global demand in 2024.

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Gold has surged to a new all-time high, surpassing $3,025 per ounce to mark an increase of over 15% in since the turn of the year. Meanwhile, bitcoin is lagging (BTC), down 10% year-to-date.