Investors Flock to Gold During Commodity Boom Nicky Shiels, the head of metals strategy at MKS PAMP, has revised the gold price forecast upward for 2024, sparking curious inquiries from the market on whether gold could mimic the recent explosive price surge seen in cocoa. Cocoa prices skyrocketed, doubling due to poor harvests in major producing countries, Ivory Coast and Ghana. This comparison arises as gold, despite its broader market and liquidity, achieved record highs in five consecutive trading sessions. Investors are increasingly drawn to gold, viewing it as a reliable asset for wealth preservation amidst uncertainties. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Leading Economic Index No Longer Predicts U.S. Recession -Conference Board READ MORE SNAP Benefits Shows 1 in 8 Americans are on Food Stamps READ MORE S&P 500 Could Halve as Market Bubble Bursts, Warns Top Strategist READ MORE Gold Milestone: Standard Gold Bar Hits $1 Million Mark READ MORE Gold Price Steadies Near $2,300 Ahead of Key FOMC Decision READ MORE Add a Comment Cancel replyYour email address will not be published.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