ING Gold Monthly: The Bull Run Isn't Over Yet Gold has experienced a remarkable rally in 2024, surging over 15% year-to-date and reaching record highs despite high interest rates and a strong US dollar. This bullish trend is expected to continue through the end of the year, driven by geopolitical tensions, safe-haven demand, and sustained central bank buying. The prospect of US interest rate cuts, particularly as early as September, further supports gold’s outlook. While some central banks like China have paused their gold purchases, others such as Poland, Turkey, and India continue to add to their reserves. The World Gold Council’s survey indicates that central bank demand for gold is likely to remain strong, with 29% of respondents planning to increase their gold reserves in the next 12 months. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ZeroHedge: UK Inflation Comes Out Lower. But Was This Just the Warm Up? READ MORE Consumer Spending Defies Inflation Fears, Jumps 0.7% in March READ MORE Record Gold Prices Fuel Modern-Day Gold Rush READ MORE Fuel Demand Bolsters Oil Prices Despite Mixed Market Outlook READ MORE ZeroHedge: Questions About Gold The CFTC And Fed Won’t Answer READ MORE Add a Comment Cancel replyYour email address will not be published.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