Investors Flock to Gold During Commodity Boom Nicky Shiels, the head of metals strategy at MKS PAMP, has revised the gold price forecast upward for 2024, sparking curious inquiries from the market on whether gold could mimic the recent explosive price surge seen in cocoa. Cocoa prices skyrocketed, doubling due to poor harvests in major producing countries, Ivory Coast and Ghana. This comparison arises as gold, despite its broader market and liquidity, achieved record highs in five consecutive trading sessions. Investors are increasingly drawn to gold, viewing it as a reliable asset for wealth preservation amidst uncertainties. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Japan's ¥9.8 Trillion Currency Intervention Defended by Finance Minister READ MORE China's Central Bank Creates New Liquidity Tools to "Help" Monetary Policy READ MORE "A Move to $3000 Gold Shouldn't Surprise Anyone, What Does THAT Do To SILVER? – Tavi Costa READ MORE China's Commodity Hoarding: Implications for Global Markets and Security READ MORE Copper Prices Surge as Short Squeeze Sparks US Metal Rush READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment