The gold bulls are poised to race to substantial gains as January gets underway after ending 2023 on a high. With the yellow metal trading around £1,632 as December drew to a close – it’s best close to any year to date- the momentum is firmly with the bulls running into 2024.
World Gold Council data shows that historically, January is one of gold’s best months, with returns more than three times the annual average. With the bulls already sailing a wave of gains, this could mean we see a new price high set even before January is complete. Further strengthening the case for record prices is that the U.S. dollar is struggling to grasp any kind of momentum. A weaker dollar typically correlates with yellow metal strength.
Don’t wait for prices to soar higher still. Buy now.
