Outlook 2024: Central banks set to bulk up further on gold
In a year of major elections globally, including the US, the EU, India and Taiwan, investors' need for portfolio hedges will likely be higher than normal, and should keep demand for gold among central banks and other institutions buoyant.
Central banks are expected to extend their gold buying streak into 2024, as prospects of further economic slowdown, geopolitical tensions, and political elections in key markets heighten the need for safe-haven assets.
“Although we believe that the current market expectations of an interest rate cut in the second quarter of 2024 might be too ambitious, we do agree that there is room for the US Fed and other central banks to turn more dovish in the second half of 2024, which could …
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