Gold on Course to Equal its Stellar Performance From the 70s
Last week, gold’s price hovered around $4,000 an ounce, showing little movement after the sharp decline seen last month and prompting fresh debate about its future trajectory. Despite the recent dip, the metal is still on course for its strongest annual performance since the 70s. This is primarily thanks to strong buying from central banks, growing interest in gold-backed ETFs, and steady demand for bars and coins. Still, prices sit roughly 9% below the record level of more than $4,350 reached in September. Macquarie analysts argue that the precious metal had already reached its high point for now. They pointed…
