Gold Defies Commodity Downturn as Rate Cut Hopes Boost Investor Appeal Gold prices remain resilient despite broader commodity sector declines, driven by strong demand from family offices, wealthy individuals, and central banks. The World Gold Council reported record Q2 demand, with gold reaching new price highs. While consumer demand in the West has weakened, Eastern markets show robust interest in bars, coins, and ETFs. The prospect of earlier US interest rate cuts has reignited investor interest, leading to increased ETF holdings. This combination of factors supports gold’s current strength and positive outlook for the remainder of 2024. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts India's Gold Demand Climbs 8% in Q4 Despite High Prices, WGC Reports READ MORE Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand READ MORE Year of the Dragon: Surge in Singapore’s Gold & Silver Sales | Chinese New Year 2024 READ MORE Pandora's Eco-Friendly Shift: Committing to 100% Recycled Silver and Gold READ MORE The Deadline To Turn in Your Gold – May 1st, 1933 READ MORE Add a Comment Cancel replyYour email address will not be published.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