HomeAbout

TL;DR CNBC


Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says - TL;DR CNBC

Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says

Publishing timestamp: 2023-12-08 04:49:34


Summary

Gold prices hit a record high in 2023 due to geopolitical tensions and central bank buying. The World Gold Council expects demand to remain resilient in 2024, but the outcome will depend on factors such as the trajectory of Fed policy, inflation, and economic growth. Central bank buying is expected to continue, providing a boost to gold prices.


Sentiment: MIXED

Tickers: XAU=

Keywords: breaking news: investingmarketspersonal financecommodity marketseconomic eventspriceseconomyunited statesbreaking news: economybreaking news: marketsgold / us dollar spotinvestment strategybusiness news

Source: https://www.cnbc.com/2023/12/08/geopolitics-central-banks-could-keep-gold-demand-hot-in-2024-world-gold-council.html


Developed by Leo Phan