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The Fed Alone Can’t Make Gold Sparkle in 2024

by Edinburg Post Report
December 29, 2023
in Latest • Trending
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Updated Dec. 29, 2023 4:23 pm ET

On the fifth day of Christmas my true love sent to me: five gold rings, which turned out to be much more expensive than a year ago. The key investment question is whether they will be worth even more by the time next Christmas comes around.

New York gold futures closed at $2,062.40 an ounce Friday, ending the year with a 13.34% gain and very near the record close of $2,081.90 reached Wednesday. This snaps a two-year losing streak.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tags: C&E Exclusion FiltercommodityCommodity MarketsCommodity/Financial Market NewsContent TypesEconomic NewsFactiva Filtersfinancial market newsGold MarketsInterest RatesLINK|i1-WP-WSJ-0001459662LINK|i2-WP-WSJ-0001459662LINK|i4-WP-WSJ-0001459662Metals MarketsMonetary PolicyNorth AmericaPrecious Metals MarketsSYNDunited statesWSJ-PRO-WSJ.comwsjfinancewsjfinance-markets
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