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Geopolitical tensions, continued central bank buying likely to support gold in 2024

By:  
Senior Contributing Editor Online
 
GOLD
Gold had a strong 2023, defying expectations amid a high interest rate environment and outperforming commodities, bonds and most stock markets, the World Gold Council (WGC) says as it outlines possible scenarios for the gold market in 2024. In its ‘2024 Outlook on Gold’ report, published on December 7, the council states that market consensus is for a “soft landing” in the US, which should positively affect the global economy.
 
 
 
 
 

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