2024-07-08 14:30:00 ET
Summary
- Gold has surged more than 15% year-to-date, mostly on safe-haven demand amid the conflicts in Ukraine and the Middle East, as well as buying by central banks.
- Gold traded above $2,300/oz for most of the second quarter and recorded its third-straight quarterly gain, marking its best run since the Covid pandemic.
- We still expect central bank demand to remain strong looking ahead amid the current economic climate and geopolitical tensions.
By Ewa Manthey
Gold is one of the best performing assets of 2024
Gold breaks records in the first half
Gold has surged more than 15% year-to-date, mostly on safe-haven demand amid the conflicts in Ukraine and the Middle East, as well as buying by central banks....
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For further details see:
Gold Monthly: The Bull Run Is Not Over Yet