The election of Bola Tinubu as Nigeria's president in May 2023 caused significant changes in market sentiment, displaying excitement and caution. Tinubu's administration has implemented critical economic reforms to stabilize and reinvigorate Africa's largest economy.
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Gold prices, which had been relatively stable for many years, have taken a surprising turn since 2023. This sudden increase has caught many investors off guard, challenging their assumptions about the future of gold prices. It's as if Gold has defied expectations and started to climb the wall of worries. What's even more intriguing is that gold prices have not only increased but also remained resilient, maintaining their peak level for an extended period.