Gold Outlook 2024: Positive Momentum Continues and Geopolitical Risks Drive Bullish Trend
28 December 2023 - 1007 views
Gold is expected to finish 2023 on a positive note, with technical indicators pointing towards further gains. The current macro environment and rising geopolitical risks are also supporting a bullish trend. Looking ahead to 2024, the Federal Reserve’s shift to a lower interest rate cycle and ongoing global tensions suggest a favorable market for gold. Investors have various options to gain exposure to gold, including ETFs and physical gold.
[Inflationary Scenario]
[Significance: Medium]
1. Gold is ending 2023 on a bullish note, with a return rate of over 14%.
2. Technical indicators suggest a potential break out towards all-time highs.
3. Factors such as the macro environment and rising geopolitical risks favor gold bulls.
4. The Federal Reserve’s expected interest rate cuts and geopolitical tensions in the Middle East support a continued upward trajectory for gold.
5. Investors have various options to gain exposure to gold, including ETFs and physical gold.
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