5 November 2024
As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race and possibility of a prolonged vote count may further support gold’s appeal as a hedge against market instability.