GLDM - Gold Monthly: Gold's Hot Run Continues

2024-04-09 07:45:00 ET

Summary

• Gold has started the new quarter by setting record after record.
• Its historic rally continues amid the prospect of monetary easing by major central banks and as tensions in the Middle East and Ukraine boost its safe haven appeal.
• We expect gold prices to remain volatile in the coming months as the market reacts to macro drivers, tracking geopolitical events and Fed rate policy.

By Ewa Manthey

Gold hits another record high

Spot gold prices just set another record above $2,350/oz, and are now up 13% since the beginning of the year. The precious metal has had a record-breaking run since mid-February, boosted by expectations for US rate cuts, geopolitical tensions and China’s economic woes....

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