Global economic uncertainty is driving a surge in gold demand from both central banks and investors, as fears grow over the safety of the US dollar. Goldman Sachs forecasts gold prices could reach $3,300 this year, with significant increases in investment and central bank purchases noted, particularly in January, where buying was seven times higher than the pre-2022 average. Currently, gold is trading at $2,994 per ounce, reflecting a shift towards safer assets amid concerns over the economic outlook.