Facing Facts: ‘Cautiously Bullish’ on Gold in 2024 2023 was a remarkable year for gold, with its price peaking at a record high of $2,078 per ounce and closing the year with a notable 14% year-over-year gain. Despite these achievements, investors approach 2024 with caution. Their wariness was primarily due to anticipation of the US Federal Reserve’s monetary policy direction. Following the Fed’s decision to maintain interest rates and indicate no cuts until at least March, a sense of stability returned to the market. This stance from the Fed suggests that gold prices may soften in the early half of the year. Nonetheless, geopolitical tensions are expected to sustain a minimum price level for gold, preventing any significant declines. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes READ MORE Oil Erases Losses as Stockpile Decline Signals Tighter Market READ MORE Treasury yields drop after cool monthly consumer inflation data READ MORE China fires starting gun on $140bn debt sale to boost economy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment