Ditch the US Stock Market and Invest in Gold in 2024: Explains Analyst Ditch the US Stock Market and Invest in Gold in 2024: Explains Analyst
With gold rallying to new highs this season, several financial analysts have made bold predictions concerning gold and its uniqueness as a hedge against inflation. While the US stock market and Bitcoin received major setbacks as geopolitical tensions rose to adopt a lethal layer, Gold maintained its stance ahead, delivering stellar returns to its holders. Also Read: Why Central Banks Are Aggressively Acquiring Gold? Analyst Says Ditch US Stock and Embrace Gold Image Source: Unsplash Gold is experiencing modest price swings this week, dipping by nearly $50 for the first time. The shiny precious metal has been touching new highs of $2400 before slipping back to $2,309 at press time. The GOLD ’s massive rally was triggered by the central bank buying spree. As leading central banks worldwide hoarded GOLD , the metal prices shot up to break several new price ceilings. However, the sentiment since then has taken a slight dip, with analysts pouring in opinions on why G...