Gold is the new black in 2024. What’s the next color?

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 34 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 118%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

It’s not enough to merely mention that gold is nearing its peak because the precious metal has steadily renewed its historic highs since the year began. Theover the first three months: now, the question arises whether the gold will shine even brighter soon or if investors should be ready to hit the “Sell” button.

Three months is a short time span to draw definitive conclusions. Nevertheless, gold has maintained its lead even at a five-year distance. Just think about it: gold, often seen as a stable asset with low volatility, has outpaced one of the world’s main stock indices. There are several explanations for this. Gold tends to be a sought-after asset in tumultuous times.

However, global conditions suggest that gold still has room to grow. Major central banks may find themselves compelled to reduce interest rates , which could act as a new catalyst for XAUUSD. Additionally, the number of global conflicts and tensions doesn't seem to be diminishing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Register now: 2024 gold market outlook online seminarThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold’s 2024 price ceiling is now the floor, silver is approaching ‘sweet spot’ for investorsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold to hold the line near record highs for the rest of 2024The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »