Gold Sets All-Time High: Where Are Gold Prices Headed in 2024? | The Gold Spot
All the bears were shocked this week as gold blew past the $2,100 an ounce barrier that had bogged gold spot prices down for the previous three years. Predictably, gold spot prices receded after the bullish rally but stayed around the $2,000 an ounce mark.
However, gold's most recent gains were quickly recovered, underscoring the precious metal's strength. The relentless and exponential increase in gold demand is the primary driving force behind this record-setting surge.
Gold demand has remained high over the past few years as investors hedge against deteriorating economic conditions. China, Russia, India, and other BRICS nations have led this exodus from traditional assets such as US treasuries into gold and silver bullion.
As gold prices gear up for further jumps, precious metals suppliers are preparing to cut costs to avoid inventory taxes. This combination presents investors with a favorable yet limited buying window.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Precious Metals Advisor Steve Rand and Precious Metals Advisor Joe Elkjer explain how to secure this end-of-the-year special and where gold prices could be headed in 2024.
⭐ RELATED LINKS:
📊 Gold Price Predictions and Forecasts 2024:
https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/
🏦 Central Banks Buying Gold at Record Rates: Why Investors Should Care:
https://www.sbcgold.com/blog/central-banks-buying-gold-at-record-rates-why-investors-should-care/
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Gold Bullion Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
⭐ @sbcgold Advisors in this The Gold Spot video:
👤 Steve Rand, Sr. Precious Metals Advisor: https://www.sbcgold.com/about/steve-rand/
👤 Joe Elkjer, Precious Metals Advisor: https://www.sbcgold.com/about/joe-elkjer/
-
3:31
Scottsdale Bullion & Coin
1 month agoGold Breaks (Another) Record | Next Stop $2,500/oz?! | The Gold Spot
94 -
10:16
Southwest Mushrooms
18 hours agoShipping Mushroom Grow Kits, Mycelium Liquid Cultures and Grain Spawn
92 -
LIVE
Rekieta Law
4 hours agoTrump's Naughty Words, Tennessee Finally Gives Guns To Teachers, More?
3,562 watching -
3:10:08
Fresh and Fit
5 hours agoAfter Hours w/ SNEAKO & Pearl Davis
143K261 -
SonnyFaz
5 hours agoEXPOSING THE FRAUDS
31.4K22 -
1:30:04
Nina Infinity
9 hours agoMacklemore Accused of Anti-Semitism; AstraZeneca Drama & MORE | A Conversation w Larry Sharpe
31.1K9 -
1:51:33
Kim Iversen
8 hours agoHYPOCRITE Chris Cuomo Confesses to Using Ivermectin, New York Times Claims RFK Jr Has Brain Worms
65.2K259 -
46:39
Snuffing Torches
15 hours agoSurvivor 46 Episode 11 Recap | Snuffing Torches
31.9K1 -
1:02:47
The Anthony Rogers Show
17 hours agoEpisode 307 - Another Random Podcast
30.3K17 -
39:16
Bob Menery
1 day agoBob Menery & Ryan Garcia talk about PED allegations, Connor McGregor and Awkward Topics
42.9K7