The gold price had a bad day, falling by more than 2%. Is this indicative of things to come? We don’t think so. Whilst we may well see some additional pullback, we don’t expect this to be the end of the gold price rally.
Currently, gold is stuck between a rock and a hard place, a delicate equilibrium if you will. Investors are torn between the desire to own the safe haven, whilst seeing rising treasury yields and a strengthening dollar.
But the factors that drove the most recent breakout rally, in March, are still very much in place. And this is what we discuss in today’s video: Will The Gold Rally Continue?
Jan highlights four key factors that have supported gold’s climb this far, and explains why they remain strong drivers for a further step up in the price.
Do you expect the gold price rally to continue? Or do you think we will see a bigger pullback? Like a slingshot, could this pullback be setting it up for even bigger gains?
And if the recent price action has you or your friends asking if now is a good time to buy gold, then watch our short video to help you to decide.
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
22-04-2024 2361.45 2334.95 1911.83 1896.68 2216.22 2196.02
19-04-2024 2381.80 2379.70 1912.82 1910.19 2234.84 2230.97
18-04-2024 2379.85 2382.70 1907.93 1913.31 2228.73 2235.93
17-04-2024 2393.75 2390.35 1918.83 1918.49 2248.45 2245.73
16-04-2024 2369.00 2369.15 1903.73 1903.14 2230.18 2228.90
15-04-2024 2347.15 2344.20 1879.60 1880.05 2202.33 2204.02
12-04-2024 2394.80 2401.50 1916.80 1929.12 2246.08 2257.17
11-04-2024 2331.75 2345.65 1859.10 1870.19 2171.79 2185.68
10-04-2024 2346.85 2333.00 1848.85 1856.83 2160.74 2170.16
09-04-2024 2364.20 2356.10 1866.30 1855.43 2176.25 2165.49
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