SPDR Gold MiniShares

Look into gold ETFs as rising geopolitical tensions, increasing probability of an interest rate cut and central banks increasing their purchase of the precious metal drive the rally behind gold prices and demand.

Gold prices jumped in 2024 buoyed by the potential for the US monetary policy easing, a likely decline in the US dollar, increased geopolitical tensions and continuous purchasing by central banks.

We discuss the market outlook and investing strategies for 2H 2024.

Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies.

While oversimplifying any formula in the financial markets tends to backfire more often than not, good inflation numbers tend to deliver new highs for the S&P 500.