{"id":51823,"date":"2024-09-03T17:00:00","date_gmt":"2024-09-03T15:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=51823"},"modified":"2024-09-03T16:33:04","modified_gmt":"2024-09-03T14:33:04","slug":"gold-prices-are-up-23-far-this-year","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/gold-prices-are-up-23-far-this-year\/","title":{"rendered":"Gold prices are up 23% so far this year"},"content":{"rendered":"
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Gold has risen 23% since the beginning of 2024 and its price remains at an all-time high of around 2,260 euros. Geopolitical tensions, central bank purchases and a weak dollar reaffirm gold as the safe-haven asset par excellence in times of economic uncertainty.<\/b><\/h3>\n

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Gold prices experienced a notable rally on Tuesday on <\/span>optimism that the Federal Reserve will cut interest rates this month <\/b>and remain around 2,260 euros per ounce, as investors’ attention now turns to the US payrolls report due on Friday.<\/span><\/p>\n

Also, the <\/span>persistent demand for gold by central banks<\/b> – they purchased more than 1,000 tonnes of gold last year alone, setting a new record – the weak dollar and global geopolitical tensions are the main factors that have kept the value of the precious metal at record highs.<\/span><\/p>\n

This has been reflected in <\/span>the significant price increase of 23% since the beginning of the year<\/b>, outperforming stock market indices such as the S&P 500, which has risen by around 17%, and doubled its value in the last five years.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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