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 BREAKING: Silver Trades Above $30/oz First Time In Over a Decade READ MORE Americans Prioritize Summer Fun Over Financial Health, Risking Long-Term Debt READ MORE Warm Winter Weather Dips Oil Prices Despite OPEC+ Cut Extension READ MORE World Economic Forum (WEF) in Davos: The Polycrisis READ MORE Wall Street Weighs Impact of Biden-Trump Rematch on Financial Markets READ MORE Add a Comment Cancel replyYour email address will not be published.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