Name: Gold Breaks (Another) Record | Next Stop $2,500/oz?! | The Gold Spot
Uploaded: 2024-03-29T16:51:59+00:00
Duration: 3 min 31 s
Description: The spot gold price set another record high this Thursday, closing out the first quarter of the year at around $2,235 an ounce, underscoring the yellow metal's strength. Thus far, gold prices have sur

1 month ago

The spot gold price set another record high this Thursday, closing out the first quarter of the year at around $2,235 an ounce, underscoring the yellow metal's strength. Thus far, gold prices have surged past record highs over half a dozen times in March. This constant move upward indicates that gold has no plans of slowing down.

Gold spot and future prices have been rising due to a mix of economic occurrences. The towering US debt, which stands at $34 trillion, is pushing weary investors into precious metals. At the same time, the anticipation of three rate cuts in 2024 and unprecedented central bank gold demand are doing their part.

Despite standing at an all-time value, gold isn't expected to retreat. The confluence of rising geopolitical tensions, the contentious 2024 election, and an expected influx of institutional buying has experts anticipating many more jumps ahead.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Precious Metals Advisor Damian White and Precious Metals Advisor Tim Murphy discuss gold’s historic performance, why gold spot prices are expected to go higher, and why silver is in a prime spot for investment.

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