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Bank of England Governor: Global Uncertainty and Central Bank Gold Purchases Drive Up Gold Prices
Jin10 data reported on October 15, the Governor of the Bank of England, Bailey, pointed out: “There is already a fairly clear connection between global economic uncertainty and the price of gold.” He added: “I believe that higher uncertainty has driven the rise in gold prices, the risks of economic fragmentation are intensifying, and combined with the known actions of Central Banks buying gold, it is these factors working together that have pushed up gold prices.”