Precious metals outlook for 2024: Gold prices have good reason to continue to challenge new all-time highs

Sina Financial News Guantong Futures analysis pointed out that the international gold price has actually started to Rebound in the fourth quarter of 2022 in the middle of the interest rate hike, and hit two record highs in May and December 2023; gold prices continue to Rebound on the way to the interest rate hike and the peak of the Intrerest Rate, which shows that the serious problems within the United States and the tense international geopolitical situation make gold a very important safe-haven investment channel; once the Federal Reserve starts the process of cutting interest rates, the holding cost of gold will fall, and the gold price will have more reason to Rebound; the world's major Central Bank, especially China, Central Bank continue to increase their holdings of gold, indicating that the international community has the dollarThe decline in trust in U.S. debt and the U.S. economy is difficult to reverse; gold's status as an important reserve asset for countries, businesses and individuals will rise further, especially in a complex environment full of recession fears and political confrontation in an election year, and gold prices have every reason to continue to challenge record highs.