Central Banks Fuel Gold Price Surge as Investors Flee US Debt

Gold prices have surged by around 12-12.5% in the past one-and-a-half months, sparking questions about the rally's sustainability.

Kunal Shah, Head of Commodity Research at Nirmal Bang, remains bullish on gold due to several key factors.

Central banks are diversifying their portfolios, buying more gold as a safe-haven asset, while China is also increasing its purchases.

The growing demand from companies like Tether and investors seeking safety amid rising US debt is another crucial driver of the bull market in gold.