CSE : PGR

GOLD MARKET

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Gold’s Outlook & Trends  

Decade High

In 2022, gold demand by central banks and other institutions reached a decade high. The increase was brought on largely by global economic uncertainties. Gold’s all-time high without inflation adjustments happened on May 20, 2024, when the metal traded at $2,450.05 per troy ounce.

2024 Gold Outlook

Gold’s trajectory in 2023 surprised many investors as the metal remained resilient against traditional macroeconomic headwinds. In 2024, we believe a number of macroeconomic factors will positively influence gold prices:

  1.  Shifting Monetary Policy Supports Gold
  2.  US Dollar Headwinds Could Benefit Gold.
  3.  Investors Turn Bullish on Gold as Volatility Rises.

Gold Remained a Standout Global Asset Class in 2023  

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Source 1:Hero Bullion, When Was Golds Highest Price Ever?

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