Gold Set for Best Quarter in Eight Years

30 September 2024

Gold is poised for its strongest quarterly performance since 2016, with a 14% increase so far this quarter. Despite a slight pullback on Monday, the precious metal remains near record highs, buoyed by the Federal Reserve’s recent rate cut, geopolitical tensions, and expectations of further monetary easing. Analysts anticipate continued strength in gold prices, with some projecting a rise to $2,900 per ounce over the next 12 months.

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