Goldfixing Fonderia e laboratorio analisi preziosi

Gold market is impressing the financial observers for its unmatched historical heights. Since the beginning of the new year, gold futures have reached striking records of 2.372 dollars per ounce, marking another chapter in this precious metal’s history. But what is fuelling this phenomenon?

• BCentral Banks and Geopolitics:
  one of the main reasons is the rise of gold reserves kept in Central Banks. According to the World Gold Council, central banks have purchased high quantities of physical gold, with a monthly average of 40 tons. The rise of gold reserves is due to geopolitical risks in the Middle East and Ukraine, which have led Central Banks to seek safe refuges for their reserves.
• Monetary Policy
  expectations of a reduction of interest rates by the main central banks, including the Federal Reserve, have led to a rise in the gold price. The perspective of three cuts of the interest rates by the Federal Reserve in 2024, has encouraged the investors to invest in gold, which is a store of value during times of economic uncertainty.
• Retail investors
  and ETF
  :together with central banks, retail investors are increasing their gold exposure through the ETF (Exchange Traded Funds). After a period when ransom have prevailed, ETF investments in gold are back to being positive, representing an additional rise in the gold price.

Experts agree that the gold rush is not over yet. The upcoming political elections in more than 60 countries in 2024 may lead to an increase in gold supply as a store of value. Moreover, the concerns regarding the fiscal sustainability in the U.S.A and the geopolitical risks might contribute to new records of gold price.

In conclusion, the rise in gold price is determined by different geopolitical reasons, monetary policy and investors’ behaviors. Experts claim that the gold rush will continue and that investors are encouraged to consider strategies aimed at making the most of the opportunities offered by the gold market.

Goldfixing and Gold investment
in view of these developments, protect yourself from global economic uncertainties and from bank insecurities! Invest in gold, the utmost store of value. Choose Goldfixing for a gold investment to preserve your portfolio. You will be able to purchase physical gold at an agreed price, offering a higher stability and security compared to the speculation of financial markets.