Ballymore Resources Limited’s Post

The price of gold has been on a sparkling run in 2024, increasing by 12 percent year-to-date. However, contrary to expectations that gold’s bullish run could be curbed by market saturation and gleaming price increase, reports indicate that the allure of the precious metal remains strong as investors continue to add it to their portfolios, as if under its spell. The frenzy for gold seems to have struck a chord with investors, who are clamouring to get their hands on the precious metal like prospectors in a modern-day gold rush. https://lnkd.in/gsKvCrFZ

✨ Exciting news for gold investors! A 6% rise in gold prices is predicted over the next 12 months according to Goldmansachs. Time to seize the golden opportunity! #GoldInvesting #FinancialForecast #BullionBoom #InvestmentOpportunity

Almost seems like FUD. Pretty low expectations when the historical annual return of Gold is 7% since 1971. At the rate of Money Supply expansion and Central Bank buying this might just be a spectacular decade for Gold.

Coming off a streak of record-breaking highs, the price of gold appears to be entering a consolidation phase around an impressive $2,400 an ounce. Gold’s momentum is overcoming traditional negative correlations. As it settles into this new price range, gold is poised to resume its upward trajectory.

What's Fueling Gold's Record-Breaking Prices? https://zurl.co/EuYp #GoldInvesting #SilverStacking #Gold #Silver #WealthPreservation #AlbertaGold #TorontoBullion #BullionInvestment #SafeHavenInvesting #AssetSecurity #StoreOfValueAssets

Bullion World Issue Apr’24 Read the full article here ⬇ https://lnkd.in/gMfnMM_R Article on What's next for gold? -Ms Soni Kumari, Commodity Strategist, ANZ Research The price of gold is scaling new heights – despite stock markets holding on to gains and ongoing uncertainty as to when the US will cut rates. The bullish sentiment is underpinned by technical buying after the gold price broke the USD2,100/oz barrier. Although a near-term pullback is likely due to technical reasons, other factors could propel the gold price even higher. Read the full magazine here ⬇ https://lnkd.in/gDY9iFMk Happy reading! . . . #bullionworld #bullionmagazine #englishedition #Apr24issue #bullionexpertise #bullionarticles #preciousmetals #bullionmarketupdate #bullion #goldbullion #goldbars #gold #silver #lbma #assaying #refining #bw #eventellglobal #ANZ

Gold's Glittering Ascent to Unprecedented Heights Why Gold's price keeps on increasing? Why is Gold so precious? https://lnkd.in/dtMzACD6 #GoldPriceToday #goldprice #GoldPriceUpdate

🌟 **Analyzing Gold Prices in 2024: Why Are They Still Rising?** 🌟 As we move deeper into 2024, gold continues to command attention and capital from investors around the world. The relentless upward trajectory of gold prices has many pondering: Why does this trend persist and what could be driving these increases? Here’s a breakdown of the key factors influencing gold prices this year: 1. **Inflationary Pressures**: Persistent inflation is a crucial driver. With consumer prices rising, gold is increasingly viewed as a safe haven for preserving purchasing power. 2. **Economic Uncertainty**: Global economic fluctuations, including concerns about potential recessions in key economies, have prompted investors to turn to gold as a hedge against uncertainty. 3. **Currency Dynamics**: The weakening of the US dollar has made gold cheaper for foreign investors, thereby increasing demand and pushing prices up. 4. **Central Bank Policies**: With interest rates remaining low in many countries, the opportunity cost of holding gold decreases, making it an attractive investment. 5. **Geopolitical Tensions**: Ongoing conflicts and political instability in various regions continue to drive investors towards the security of gold. 6. **Supply Challenges**: Disruptions in major mining operations have also contributed to the scarcity, further elevating prices. 7. **Investment Demand**: The rise in popularity of gold-backed ETFs has made it easier for both institutional and retail investors to gain exposure to gold, increasing overall demand. This combination of factors creates a complex environment for gold investors and analysts alike. Whether you’re a seasoned investor, a financial professional, or simply curious about commodity markets, understanding these dynamics is crucial. Stay tuned for more updates as we continue to navigate the intricacies of the gold market in 2024. Feel free to share your thoughts and insights on what you think is next for gold! #GoldInvesting #CommodityMarkets #EconomicAnalysis #InvestmentTrends #FinancialMarkets #LinkedInFinance

Could we be at a turning point for gold miners? Gold prices have surged this year, outperforming major indices and historical returns 💰 “At $2,424 per ounce, gold returned 17.4% year-to-date which is more than three times as much as the FTSE 100’s 5.5% performance. It is also streets ahead of gold’s 9.5% annualised return over the past 20 years, as calculated by SharePad.” Our Investment Analyst, Dan Coatsworth, dives into the factors driving this rally and what might be needed to sustain it: https://lnkd.in/eQrJxuqa

What's Fueling Gold's Record-Breaking Prices? https://zurl.co/EuYp #GoldInvesting #SilverStacking #Gold #Silver #WealthPreservation #AlbertaGold #TorontoBullion #BullionInvestment #SafeHavenInvesting #AssetSecurity #StoreOfValueAssets