2024-11-13
November 2024 Gold Market Review: Election Impact, Central Bank Demand and Future Outlook
As of November 2024, the gold market is navigating a complex landscape shaped by geopolitical developments, fluctuating demand patterns, and speculative activity. The market has recently witnessed volatility, with gold reaching an all-time high of $2,790 per ounce in October before undergoing a correction following the U.S. Presidential election. This article delves into the factors driving gold's performance, including supply and demand dynamics, geopolitical influences, and macroeconomic trends, providing insights into the current market conditions and projections for the future.