Lemon_tm
By Ewa Manthey
Gold is one of the best performing assets of 2024
Gold breaks records in the first half
Gold has surged more than 15% year-to-date, mostly on safe-haven demand amid the conflicts in Ukraine and the Middle East, as
Gold Monthly: The Bull Run Is Not Over Yet
Summary
- Gold has surged more than 15% year-to-date, mostly on safe-haven demand amid the conflicts in Ukraine and the Middle East, as well as buying by central banks.
- Gold traded above $2,300/oz for most of the second quarter and recorded its third-straight quarterly gain, marking its best run since the Covid pandemic.
- We still expect central bank demand to remain strong looking ahead amid the current economic climate and geopolitical tensions.
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