Topic - Gold Divergence Trading
The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t.
What's new in GOLD in 2024?
Economic and Monetary Policies: The Federal Reserve's monetary policy will important role in determining the trajectory of gold prices in 2024. Professionals are expecting that the Fed might implement rate cuts ranging from 0.75% to 1% in 2024, which could lower interest rates to around 4.6% by the end of the year.
The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t.
What's new in GOLD in 2024?
Economic and Monetary Policies: The Federal Reserve's monetary policy will important role in determining the trajectory of gold prices in 2024. Professionals are expecting that the Fed might implement rate cuts ranging from 0.75% to 1% in 2024, which could lower interest rates to around 4.6% by the end of the year.
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