The monetary easing policies adopted by major central banks, along with geopolitical uncertainties and a contested U.S. presidential election, are driving a significant demand for gold.
Historically, gold thrives in low-interest rate environments, as it becomes more appealing compared to interest-bearing assets. This trend is expected to continue with predictions of $2,700 and $3,000 per ounce by 2024 and 2025, respectively.
The Federal Reserve's recent interest rate cut marks the beginning of a monetary easing cycle, significantly affecting the financial markets and making gold an attractive investment.
Gold is displaying a strong upward trend, fueled by several factors, including monetary easing, increased physical demand, and the growing popularity of gold-backed ETFs.
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