The dynamics of the gold market in 2024 are influenced by various global factors, including central bank purchases, geopolitical tensions, and shifting investor sentiments.
Introduction
The gold market in 2024 is shaped by a combination of economic factors and geopolitical tensions, offering both challenges and opportunities for investors. This article delves deeper into the phenomenon of de-dollarization and provides detailed forecasts for gold prices, offering insights and strategies for navigating this complex landscape.
Bullish Outlook and Forecast…
Gold reached a historic milestone on March 7, 2024, surpassing its previous peak set in December of the preceding year. The precious metal soared to approximately $2,140 per ounce, signaling sustained and robust interest in gold as a reliable safe-haven asset. Despite this significant surge in price, there was an unexpected lack of enthusiasm from both the media and retail investors, except for…
During the Chinese New Year (CNY) holiday in 2024, gold and silver jewelry retail sales surged by 23.8% year-on-year in terms of value.
The global precious metals market has witnessed notable shifts and developments in recent times, reflecting changing economic conditions, geopolitical tensions, and consumer behavior.
Zimbabwe is contemplating a significant economic shift by considering backing its currency with gold, a move aimed at curbing exchange-rate volatility.
Demand for gold bullion coins and bars has increased in China and the UAE.
Las dos principales organizaciones de los dos metales preciosos más importantes facilitaron nuevos datos sobre sus respectivos mercados y las perspectivas de la demanda física de inversión.
La decisión del Gobierno indio de aumentar los aranceles a la importación de oro y plata, junto con las monedas de metales preciosos, hasta un total del 15% a partir del 22 de enero de 2024, ha suscitado inquietud sobre el futuro de la demanda de oro y plata en uno de los mayores mercados consumidores de estos metales del mundo.
Dos destacadas instituciones financieras, JPMorgan Chase y CME Group, ofrecen perspectivas divergentes sobre la trayectoria de los precios del oro en 2024, lo que pone de manifiesto la complejidad de los factores que influyen en los mercados de metales preciosos.