Gold continues its run
- Marcel Shackleton
- Oct 13, 2024
- 1 min read

The price of gold has risen 25% in 2024
The price of gold per Troy ounce has hit $2,600, representing a 25% gain in 2024.
Gold normally rises when markets are turbulent, or if there is volatility in the riskier asset classes.
However riskier assets have performed well in 2024 and there has been no great market turbulence.
Gold, with its lack of income, is also seen as more attractive when interest rates are low and fixed income securities are paying very low rates.
This hasn’t been the case either though, with interest rates the best they have been for some time.
The reasons for gold’s bull run is therefore unclear. From its low in 2024 to its highest point represents a gain of 35%, quite a climb.
Even with the reasons for gold’s high prices unclear, there is still lots of bullish sentiment around gold, with many money managers predicting further gains.
With its lack of income, gold isn’t for everybody. But for those who have speculated this year, the rewards have been significant.
The UK Investment Agency UKIA)
Source: FT
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