Gold has emerged as the star performer in 2024, defying expectations and delivering substantial returns for investors.
China and Russia are challenging the U.S. dollar’s dominance in global trade, particularly after the U.S. imposed sanctions on Russia. The recent expiration of the “petrodollar” system highlights a potential shift in global financial power.
Gold’s strong performance in 2024 reflects a confluence of factors. Whether the rally continues will depend on the evolution of these factors, particularly the trajectory of geopolitical tensions, central bank actions, and the strength of the U.S. dollar.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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