Gold

Gold to Lead Precious Metals Surge: World Bank Predicts 8% Rise in 2024

EDITOR'S NOTES

Precious metals are set to see an 8% increase in prices in 2024, with gold at the forefront, according to the World Bank’s latest forecast. The surge is driven by strong demand from emerging markets and central banks amid geopolitical tensions. Gold reached a nominal all-time high in April, and silver and platinum are also on the rise, though their performance may waver if industrial demand slows. The World Bank attributes the gains to safe-haven demand and robust buying from countries like China and India, projecting continued price growth across the precious metals sector.

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