1. Gold’s new high signals global central banks are likely accumulating the precious metal to diversify away from the dollar, as persistently large fiscal deficits threaten to erode its real value and lead to more inflation. Gold’s move has been broad as well as pronounced with the precious metal making 50-year highs versus three-quarters of…
The Precious Metals Week in Review – December 15th, 2023
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.