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 Turbulence Hits Obscure Real Estate Investment Sector READ MORE History Warns: Recession Looms as Fed Maintains High Interest Rates READ MORE China Dumps Record Amount of US Debt Amid Strategic Diversification READ MORE Was I Wrong About $20,000 Gold & Who Wins? READ MORE Banks Offload Bonds at a Loss, Betting on Future Fed Rate Reductions READ MORE Add a Comment Cancel replyYour email address will not be published.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