THE Reserve Bank of Zimbabwe (RBZ) has projected that gold prices will continue rising this year, driven by increasing global central bank purchases and escalating geopolitical tensions.
According to the World Gold Council, global gold demand increased to 4 974,5 metric tonnes in 2024, fuelled by higher investment and a surge in central bank acquisitions in the final quarter of the year.
In its latest monetary policy statement, the RBZ reported that gold prices had soared to US$2 700 per ounce in October last year.