22 November 2023
Even with a potential soft landing of the U.S. economy, gold remains a promising investment. Central banks, particularly in China, plan to increase their gold reserves for diversification and geopolitical security. In China, ongoing real estate challenges could drive households towards gold as a safe wealth store. Moreover, the global political landscape in 2024, marked by significant elections, might heighten economic and geopolitical risks, making gold an attractive hedge for investors. These factors collectively sustain gold’s appeal in various economic scenarios.