The world is witnessing a modern gold rush, with central banks at the forefront. Amid rising geopolitical tensions and economic uncertainties, gold prices have soared to unprecedented levels, surpassing $2,800 an ounce in 2024. This surge is driven by central banks, especially from developing nations, seeking to diversify their reserves and hedge against potential global financial system instability. The trend underscores growing skepticism about the long-term sustainability of U.S. and European debt levels and reflects a broader shift in the global economic landscape.