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 Fed's Tightrope Walk: Balancing Inflation Control and Job Market Stability READ MORE 30-Year Fixed Mortgage Back Near 7% READ MORE Rising Tide of Global Debt Set to Elevate Yields, Predicts Goldman Sachs READ MORE U.S. Labor Market Defies Expectations with Lower than Expected Jobless Claims READ MORE Silver vs Fiat: The Fall of Minimum Wage in Real Terms | Mike Maloney READ MORE Add a Comment Cancel replyYour email address will not be published.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