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Gold Price News: Stability in the gold market despite global challenges

3 min.

24.09.2024 11:10

Gold Price Live on 24.09.2029

Today's gold price and important market developments from 24.09.2024 in the live ticker

Source: ChatGPT (OpenAI)

Stable gold prices defy market uncertainties

On September 24, 2024, the gold market showed continued stability with a slight increase in the gold price. The trading day opened with a gold price of USD 2,628.10 per troy ounce. This development underlines the continued resilience of gold in a global environment characterized by economic and geopolitical uncertainties.
 

Monetary policy and international influences

The monetary policy of major central banks – particularly the European Central Bank and the US Federal Reserve – remains a key factor influencing gold prices. Expectations of ongoing interest rate cuts, which could result in a weakening of the US dollar, play a significant role in supporting gold prices. At the same time, geopolitical tensions and uncertainties reinforce gold's attractiveness as a safe investment.
 

Sustained demand for limited resources

Global demand for gold remains at a high level, supported by its position as a store of value and a hedge against inflation. Despite rising operating costs and depleted deposits limiting the supply of gold, these challenges in gold production are adding upward pressure on prices.
 

Outlook for the gold market

Driven by monetary stimulus and ongoing global uncertainties, the outlook for the gold market remains positive, with further increases in gold prices expected. Market observers and investors should continue to monitor economic indicators and political developments that could significantly impact the price of gold.


Dr. Mathias Kunze, economist and business lawyer.
Dr. Mathias Kunze
Dr. Mathias Kunze, an experienced economist and business legal expert, has over three decades of experience in business management, marketing, finance and tax law. He advises on business start-ups, international tax optimization and the relocation of individuals and companies abroad. As a proven expert in the precious metals markets, he offers valuable advice and support. Dr. Kunze has published numerous studies and articles and has received awards for his contributions to research and teaching. He speaks German, English, Polish and Russian.
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