Below the quote on Year Gold Outlook 2024 by Chirag Mehta , CIO & Ghazal Jain, Fund Manager, Chirag Mehta , CIO & Ghazal Jain, Fund Manager
Gold in 2023..
After increasing interest rates by a massive 425 basis points in CY2022, CY2023 saw only 100 basis points of hikes by the Federal Reserve. Thus, unlike the war-driven highs and hawkish Fed-driven lows of 2022, gold saw a steady rise in 2023, closing the year ~12% higher, as the US central bank’s peak aggressive...
Year Gold Outlook 2024 by Chirag Mehta , CIO & Ghazal Jain, Fund Manager, Chirag Mehta , CIO & Ghazal Jain, Fund Manager