# Why is gold going crazy again? From public bans to a global central-bank buying spree

https://mins.news/en/video/16069

- BBC Chinese, 2026-08-07 10:38 UTC
- Economy
- Original: https://www.youtube.com/watch?v=pfVjerbLWsY

> Gold prices reached unprecedented highs in 2026. Turbulence around the world and declining confidence in the US dollar have continued to push prices upward, while encouraging countries to expand their gold reserves. The report examines why people and governments remain so drawn to gold, recalls that several countries once banned private ownership, and traces how this ancient form of money gradually became an important pillar of the modern financial system.