2 January 2024
Gold’s performance in 2023 defied expectations by thriving amidst global economic challenges. This resilience was fueled by a mix of market volatility, geopolitical unrest, and shifts in US policies. In 2024, gold’s appeal is expected to surge due to three key factors. Firstly, a shift towards a more dovish US monetary policy, coupled with a slowdown in US economic growth and stabilizing inflation, bodes well for gold. Secondly, a weakening US dollar, as the global economy gains on the US and central banks continue their gold-buying spree, further supports gold’s prospects. Finally, gold benefits from bullish investor sentiment, driven by ongoing risks and uncertainties.