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Gold is now second only to U.S. dollar as global reserve asset for central banks, having overtaken the euro last year. Here's how that happened and what may follow next.

Spot gold rose 0.6% to $3,374.94 an ounce, while gold futures for August rallied 1.5% to $3,394.60/oz by 01:24 ET (05:24 GMT). Gold, metal prices buoyed by haven demand, dollar weakness ...

In June 2023, for example, the price of gold was $1,953.14 per ounce, according to American Hartford Gold. In June 2022, it was more than $100 per ounce cheaper, coming in at $1,831.28 on June 13.