GOLD still retains strategic value in the investment portfolio

On the world market, the world gold price stood at 2,059 USD/ounce, a slight increase of 6 USD/ounce compared to the same hour yesterday morning.

The gold market is preparing to end 2023 with strong price increases. The US Federal Reserve (Fed) has signaled that it may cut interest rates three times by 2024. The Fed reduces interest rates, meaning the USD weakens, thereby supporting gold prices.

Experts say that despite historical patterns showing mixed performance under different economic scenarios, the 2024 scenario, marked by geopolitical risks and strong central bank demand central, can change the normal trajectory of gold. Gold retains strategic value in investment portfolios, especially during times of economic uncertainty, providing stability and diversification.