Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 Historical data from the World Gold Council indicates that gold typically fares well in January, with an average return of 1.79% since 1971 and positive gains in nearly 60% of Januaries since then. This trend strengthens in the 21st century, with gold rising in 70% of Januaries since 2000. Key factors contributing to this include yearly portfolio rebalancing, a seasonal dip in real yields, and increased demand for gold in East Asia prior to the Lunar New Year. However, the Council cautions that this trend is not absolute, noting years like 2021 and 2022 when gold didn’t rise in January, often correlating with a strengthening US dollar. As 2024 approaches, the pause in Federal Reserve rate hikes and potential cuts could weaken the dollar, potentially setting up gold for another strong January performance. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Biden Administration Erases $1.2 Billion in Student Debt for 150,000 Americans READ MORE Oil Prices Slide as Fed Signals Longer High Rate Environment READ MORE UBS Warns of Potential 6.5% Fed Rate Hike Amid Enduring Inflation READ MORE How & Where to Buy Silver Coins [2024 Buyers Guide] READ MORE Baby Boomers' $76 Trillion Savings Shield US from Recession READ MORE Add a Comment Cancel replyYour email address will not be published.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