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 Silver Institute: Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces In 2024 READ MORE Inflation, Growth, and Labor Data Heat Up, But Wall Street Stays Skeptical READ MORE Fed Expected to Hold Rates Steady READ MORE Citi's Bullish Forecast for $3,000 Gold in 2025 READ MORE De-Dollarization: A Gradual Shift from US Currency Control READ MORE Add a Comment Cancel replyYour email address will not be published.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