Gold News – 31.Dec.2024
Gold News
Gold’s 2024 Performance: Gold climbed above $2,600 per ounce, achieving a 26% annual gain, one of its strongest performances in decades.
Drivers of Growth: The surge was fueled by U.S. monetary easing, geopolitical tensions, and record central bank purchases.
Market Context: Despite a stronger U.S. dollar and higher Treasury yields, which typically limit growth, gold outperformed other commodities, including base metals and declining iron ore and lithium.
2025 Outlook: Investors are considering U.S. monetary policy uncertainty, challenges under Trump’s presidency, and China’s economic recovery efforts.
Author : Arman Shaban
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