GLDI - What's Next For Gold?
2024-03-08 03:40:00 ET
Summary
- Gold surged to an all-time high this week, boosted by expectations for US rate cuts, geopolitical tensions, and China’s economic woes. How much further can it go?
- Gold tends to become more attractive in times of instability when investors pile into safe-haven assets as a hedge against the economic climate, geopolitical tensions or inflation.
- 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
All eyes on the Fed
The key driver for the outlook of gold prices for the past year has been the Federal Reserve policy. Our US economist expects the first cut in June while swaps markets show a 65% chance of a cut in June compared with 58% at the end of February....
What's Next For Gold?