Geopolitical conflict, bank failures, and the Federal Reserve’s pivot away from raising interest rates were some of the stories that drove gold prices to all-time highs in 2023. By looking back at the biggest financial news stories in 2023, we may gain insight into the major factors that could affect gold in 2024.
“As we saw how much of a lift the price of gold obtained from expectations of rate cuts in 2023, we could well see significant gains in 2024 when central banks actually start loosening their policies.”— Fawad Razaqzada, market analyst at City Index
What were the biggest news stories of 2023, and what do they mean for 2024?
Click on the video link below for exclusive executive insights on this topic from Philip N. Diehl, 35th Director of the U.S. Mint and President of U.S. Money Reserve.
Related headlines from around the web:
- Bloomberg: “How Geopolitics Might Crash a 2024 Soft Landing”
- Fox Business: “Will the Federal Reserve cut interest rates in 2024?”
- Barron's: “Investors Shouldn’t Ignore Gold’s 2023 Rally. Why 2024 Could Bring More Gains.”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.