Gold surged 27 per cent in 2024, hitting record highs as it soared to almost US$2,800 per ounce.
Three main factors fuelled the rally: large purchases by central banks, notably those in China and other emerging markets; the US Federal Reserve's monetary easing, which makes non-yielding gold more appealing; and gold's historical role as a safe haven amid ongoing geopolitical tensions, including wars in Ukraine and the Middle East.
Those drivers remain more or less intact going into 2025.
But investors are also bracing themselves for Donald Trump's second term and the potential impact on trade flows, inflation and the global economy. That prospect continues to spur gold buying as a way to protect wealth and hedge against potential negative shocks.
Investment diversification through bullion purchases is "a trend that will persist", said Pacific Investment Management Company portfolio manager Greg Sharenow. "We would expect that central banks and high-net-worth families will continue to find gold attractive."
この記事は The Straits Times の January 07, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Straits Times の January 07, 2025 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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