Will gold continue to glitter until the next Dhanteras?

Central banks are hoarding gold at every dip. Last year, the central bank piled more than 1000 tonnes of gold. This year, the number is close to 800 tonnes in the first nine months, up 14 per cent year-on-year, according to a report by the World Gold Council, an industry group. With the US election around the corner in 2024 and the geopolitical situation worldwide, the sky-high interest will not be sustained for a long period. The Fed will eventually start cutting the rates, supporting gold prices.

More To Explore

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003