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Evening Standard
Evening Standard
Business
Simon English

Demand for gold soars on “colossal” central bank buying

Gold World Gold Council Inflation United States

The price of gold is soaring as demand for the precious metal from both central banks and small investors rockets.

Today the price of gold was at £1.548 an ounce, a rise of more than 16% on the year, as investors sought to protect themselves from runaway inflation.

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