What factors have contributed to the strong start to gold in 2025?

This impressive rally has been driven by a combination of factors:

• Strong central bank demand, as global reserves continue to rise

• A weaker U.S. dollar, which traditionally moves inversely to gold

• Ongoing economic uncertainty and geopolitical tensions, prompting investors to seek the stability of physical gold

Together, these factors have created sustained momentum in the gold market, reinforcing gold's status as a safe-haven asset and an essentiapart of a diversified investment.

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