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LMBA Precious Metals Market Report: Q1 2024

LBMA

Category: Invest

 

The LBMA’s latest Precious Metals Market Report provides an overview of Q1 2024. Coming off a record high on the penultimate trading day of 2023 (28 Dec PM auction - $2078.40), gold established a new level through the quarter, consistently pricing above $2000 (with the exception of three days in mid-February) and indeed above $2100 from 5th March onwards.

March proved to be exceptional in gold price terms with new highs achieved in 12 of the 48 trading sessions – an upward momentum that carried forward into April and resulted in a Jan-Mar gain of 6.72%.

As the quarter drew to a close, the consensus was down to two cuts beginning in June, with some suspecting that Fed Chair Jerome Powell might wait until 2025 before making a decisive move.

Read the Full Report

 

Notes

The contents of this article are accurate at the time of publishing, are for general information purposes only and do not constitute investment, legal, tax or any other advice. Before making any investment or financial decision, you may wish to seek advice from your financial, legal, tax and/or accounting advisers.

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