Gold has been on a remarkable rise in 2024, reaching record highs. The surge is attributed to a combination of factors, including the de-dollarization trend, central bank buying, and increased demand from the East. What Happened: The price of gold has been soaring, despite the macro environment, which was expected to create challenges for the precious metal. Billionaire investor David Einhorn suggested a “secular trend” of Eastern countries buying gold from the West as a possible explanation for the surge, reported Business Insider. “Perhaps the West is running out of gold it is willing to sel…
