Summer is often a slog for precious metals investors, typically associated with extended narrow...
In 2024, gold is poised for its best annual performance in more than a decade.
Anticipation is peaking for one final interest rate cut in 2024. This Wednesday, most investors anticipate that the Federal Reserve will cut interest rates by 25 basis points, which would be bullish for gold and potentially provide a final boost to the gold spot price through the end of the year.
In addition to the rate cuts, geopolitical and economic risk have kept prices elevated.
Gold dropped 2.5% in November after rallying 3.4% in October and 5.2% in September. Gold is up 29% in 2024, outperforming most major asset classes, as you can see in the chart below.
World Gold Council also shared their outlook for 2025, "The market consensus of key macro variables such as GDP, yields and inflation – if taken at face value – suggests positive but much more modest growth for gold in 2025."
Overall, economic expectations for 2025 are a lot murkier as President-elect Donald Trump's January inauguration could have a drastic impact, especially if his stated plans for tariffs come to fruition. Investors with an appetite for risk may benefit early on, but potential trade wars and inflationary forces may spill over into an expected subpar economic growth.
With economic uncertainty on the horizon and continued gains projected for gold in this bull market, there's ample opportunity to take advantage of gold spot prices below the all-time high before spot prices continue to rise.
To help you take advantage of current market conditions, we're offering 1 oz. Gold Krugerrand for just $69 over spot for a limited time. Plus, receive FREE 1 oz. Silver American Eagle for every 3 Gold Krugerrand you purchase. This offer expires Friday, so act quickly. Give us a call at 1-800-831-0007 or email us to place your order today.
1 oz. Gold Krugerrand
Just $69 over Spot!
Plus, Free 1 oz. Silver Eagle for every 3 purchased!
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 1 oz. gold. Receive one free 1 oz. Silver American Eagle for every 3 oz. gold purchased. Free shipping, handling, and insurance are available for purchases of 10 oz. or more. Offer expires Friday December 20, 2024, or while supplies last.
