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Stock impact report

Gold prices have hit record highs. Here's why they could rally further [CNBC]

Wheaton Precious Metals Corp Common Shares (Canada) (WPM) 
Last wheaton precious metals corp common shares (canada) earnings: 3/11 05:10 pm Check Earnings Report
US:NYSE Investor Relations: wheatonpm.com/investors/default.aspx
Company Research Source: CNBC
These purchases have strengthened gold prices despite high interest rates and a strong dollar, market watchers told CNBC. Higher rates tend to reduce the appeal of gold compared with bonds as it does not pay any interest, while a stronger dollar erodes the sheen of greenback-priced bullion for holders of other currencies. “Central banks, who have bought historic levels of gold over the past two years, continue to be strong buyers in 2024 as well,” World Gold Council Global Head of Central Banks Shaokai Fan said. Strong physical demand for gold is also fueled by its appeal as a safe-haven asset amid geopolitical uncertainties. “In the past decade, Russia and China have been the two largest buyers. However, central bank purchases in recent years have diversified,” Aakash Doshi, Citi's North America head of commodities research, told CNBC. China central bank top buyer China is the leading driver for both consumer demand and central bank gold purchases, and the country's not Show less Read more
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