Analytics

The gold price continues its remarkable ascent in 2024, defying expectations and reaching unprecedented heights. Since December 2023, the precious metal has been scaling new peaks, demonstrating its resilience amidst economic uncertainties. Its latest surge, spurred by remarks from the Federal Reserve, has propelled it to yet another historic milestone.

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.

The two main organizations for the two most important precious metals provided new data on their respective markets and the outlook for investment physical demand.

The Indian government's decision to hike import duties on gold and silver, along with precious metal coins, to a total of 15% starting January 22, 2024, has raised concerns about the future of gold and silver demand in one of the world's largest consumer markets for these metals.