by Stefan Gleason at Money Metals
The gold market is poised to make history in 2024. It enters the New Year within striking distance of new all-time highs.
How high will gold go? Much depends on how low interest rates and the U.S. dollar go.
The Federal Reserve ended its rate hiking campaign last fall. It is expected to pivot toward monetary easing later this year.
That should work to the benefit of gold and other hard assets.
Of course, there remains much uncertainty surrounding the economy, inflation, and interest rates. If persistent inflation pressures force central bankers to keep rates elevated, then stock and bond markets could tank – possibly taking down precious metals markets with them at least temporarily.
Market volatility could also ramp up later in the year around the presidential election.
With partisan prosecutors and judges threatening to jail…
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