I'll discuss factors affecting gold in September, focusing on whether the stock market is starting a major four-year cycle low or just experiencing a typical intermediate cycle pullback.
While demand is collapsing for growth commodities, there's no collapse in demand for gold. There are pockets of weakness in the jewelry sector, but there’s much more strength elsewhere.
Canaccord shows that past Federal Reserve easing cycles over the last 20+ years have corresponded with higher gold prices, and they expect gold to set new record highs in 2024.
