Gold: Will 2024 be a Breakout Year on Rate Cut Hopes?
By Erik Norland
18 JAN 2024
Gold had a spectacular run from 2001 to 2011, rallying over 600% from $260 to $1,900 per ounce. Its performance since has been more modest, reaching $2,080 in July 2020, a level it struggled to maintain until it briefly broke out to a new high in December 2023.
Gold is often touted as an inflation hedge, but is that truly the ca…
