Will Gold Hit A New High In 2024?

Moving into 2024, gold is in the position, especially if rates continue to moderate or continue lower, that there’s enough other confluence of events out there and other items as far as data and central bank activity that benefits the trends in gold, notes Dan Deming. He recaps commodities in 2023. He talks about how gold (/GC) hit a new all-time high in November, and he thinks we will see a new high for gold in 2024. He then goes over what was behind gold’s 2023 strength. He also recaps crude oil’s volatility in 2023. Tune in to find out more about the stock market today.