🪙 Has the Gold Boom Peaked? Signs of Cooling Central Bank Demand
1. Background: Why Stylised Headlines Are Appealing In recent years, gold has enjoyed a spectacular decade‑plus rally — doubling or more in price from lows in the early 2010s. Driving that surge were central banks building huge bullion reserves, soaring investment flows into ETFs, geopolitical jitters, and a weakened U.S.…