Gold: Why the Yellow Metal Is Stirring Markets and Dividing West Africa?

Gold prices surged dramatically, increasing by 14% in 2023, 27% in 2024, and 65% in 2025, reaching a peak of $5,600 per ounce in January 2026. West Africa produced 530.2 tons of gold in 2024, mainly from its largest mines, but struggles to convert this wealth into sustainable development. Gold is seen as a safe haven asset against inflation, sanctions, and geopolitical tensions, which explains its rally amid international crises. However, by late September 2026, its price fell back to around $4,153 per ounce due to profit-taking and rising bond yields.