Gold has made 39 all-time highs in 2024 as at Oct 31.
SINGAPORE – Gold has been on a hot streak in 2024, with 39 record highs recorded since Jan 1, and there is more to come, say experts.
They are “getting a little bit greedy”, he noted, adding that it is much more likely to hit that mark in 2025, but “probably not that quickly”. The World Gold Council noted on Nov 7 that global gold ETFs registered inflows again in October, the sixth straight month. Despite the pullbacks in November, which sent the price down by about 4 per cent, observers said gold is set to continue to glitter as
“If US debt, which is considered to be the safest safe haven asset, becomes somewhat less safe, people are going to look for other safe haven assets. Gold might be a beneficiary of that,” he added.
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