Gold Sets All-Time High: Where Are Gold Prices Headed in 2024? | The Gold Spot

All the bears were shocked this week as gold blew past the $2,100 an ounce barrier that had bogged gold spot prices down for the previous three years. Predictably, gold spot prices receded after the bullish rally but stayed around the $2,000 an ounce mark.

However, gold's most recent gains were quickly recovered, underscoring the precious metal's strength. The relentless and exponential increase in gold demand is the primary driving force behind this record-setting surge.

Gold demand has remained high over the past few years as investors hedge against deteriorating economic conditions. China, Russia, India, and other BRICS nations have led this exodus from traditional assets such as US treasuries into gold and silver bullion.

As gold prices gear up for further jumps, precious metals suppliers are preparing to cut costs to avoid inventory taxes. This combination presents investors with a favorable yet limited buying window.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Precious Metals Advisor Steve Rand and Precious Metals Advisor Joe Elkjer explain how to secure this end-of-the-year special and where gold prices could be headed in 2024.

⭐ RELATED LINKS:

📊 Gold Price Predictions and Forecasts 2024:
https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/

🏦 Central Banks Buying Gold at Record Rates: Why Investors Should Care:
https://www.sbcgold.com/blog/central-banks-buying-gold-at-record-rates-why-investors-should-care/

📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/

🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/

👉 Gold Bullion Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/

⭐ @sbcgold Advisors in this The Gold Spot video:

👤 Steve Rand, Sr. Precious Metals Advisor: https://www.sbcgold.com/about/steve-rand/

👤 Joe Elkjer, Precious Metals Advisor: https://www.sbcgold.com/about/joe-elkjer/