Gold prices in Pakistan skyrocketed to an all-time high on Monday, reaching Rs 309,500 per tola, driven by growing demand for safe-haven assets.
With geopolitical tensions on the rise, investors are turning away from U.S. bonds, citing concerns over persistent inflation and fiscal instability. The U.S. national debt has surged to 123% of GDP, a level widely seen as both inflationary and unsustainable.
At the same time, central banks continue to dominate as the largest net buyers of gold. In 2024 alone, they accumulated 1,045 tonnes, marking the third consecutive year of purchases exceeding 1,000 tonnes. Likewise, Bitcoin ETFs, another favored neutral asset, saw $4.5 billion in net inflows last month, pushing total assets under management (AUM) beyond $125 billion for the first time ever.
