Gold welcomes the new year with high expectations from investors
Updated
The gold market is poised to make history in 2024. The new year begins very close to new all-time highs. How high will gold go? Much depends on how low interest rates fall and how the US dollar depreciates.
The Fed ended its interest rate hike campaign last fall. Monetary policy easing is expected later this year. If sustained inflationary pressures force central banks to keep interest rates high, we can expect declines in stock and bond markets, which could lead to at least a temporary decline in precious metals markets.
Market volatility may also increase significantly around the end of the year presidential election. Large-scale gold, silver, copper, platinum and palladium mines are suffering from rising operating costs and dwindling reserves.
As mine production reaches its ceiling, demand for metals continues to increase across industry, consumers, and investors.
The Fed ended its interest rate hike campaign last fall. Monetary policy easing is expected later this year. If sustained inflationary pressures force central banks to keep interest rates high, we can expect declines in stock and bond markets, which could lead to at least a temporary decline in precious metals markets.
Market volatility may also increase significantly around the end of the year presidential election. Large-scale gold, silver, copper, platinum and palladium mines are suffering from rising operating costs and dwindling reserves.
As mine production reaches its ceiling, demand for metals continues to increase across industry, consumers, and investors.
Note
💵XAUUSD SELL 2050 -2047💵✔️TP1 2042
✔️TP2 2038
❌SL 2055
Note
💵XAUUSD BUY 2035 - 2037💵✔️TP1 2042
✔️TP2 2050
❌SL 2030
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.