Gold Price Rally: Why Central Banks, China & Tether Are Driving Strong Bullish Momentum

Gold prices have surged around 12–12.5% in the past one-and-a-half months, raising questions about how long the rally can continue. Kunal Shah, Head of Commodity Research at Nirmal Bang, explains why he remains bullish on gold, pointing to strong central bank diversification, buying from China and growing investment demand from companies such as Tether. He says concerns around rising US debt are encouraging investors to seek safety and diversify away from traditional assets. Even if interest rates fluctuate, continued liquidity and fresh money entering the financial system could support gold prices. The combination of central bank purchases, investment demand and global liquidity remains a key driver of the bullish gold outlook.