Gold Defies Market Trends as Investors Flock to the Metal In 2024, gold prices have surged to record highs, defying traditional market correlations with the U.S. dollar and equity markets. This surge has driven increased physical gold transactions, with strong demand from central banks and continuous buying from China. In the U.S., investors are purchasing gold from various sources, including popular retail chains like Costco. Terry Hanlon, president of Dillon Gage, notes busy activity from both buyers and sellers, driven by geopolitical concerns and inflation. The World Gold Council reports a 3% year-over-year increase in gold demand in the first quarter of 2024, marking the strongest first quarter since 2016. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Eyes Breakout: Technical Perspective READ MORE UBS Sees Strong Potential in Commodities, Elevates Precious Metals Allocation READ MORE Powell's Pivot: Fed Likely to Adopt Tougher Stance as Inflation Climbs READ MORE High Prices Dampen Gold Demand at India's Akshaya Tritiya Festival READ MORE Gold Has Surged To New All-Time Highs READ MORE Add a Comment Cancel replyYour email address will not be published.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