The Fed Alone Can’t Make Gold Sparkle in 2024 | EUROtoday

On the fifth day of Christmas my real love despatched to me: 5 gold rings, which turned out to be far more costly than a 12 months in the past. The key funding query is whether or not they are going to be value much more by the point subsequent Christmas comes round.

New York gold futures traded round $2077 an oz Friday, which means that the dear steel is up 14% 12 months to this point and is about to complete the 12 months close to the document shut of $2081.90 reached Wednesday. This snaps a two-year dropping streak.