Mike McGlone on LinkedIn: #gold #stockmarket #macroeconomic
Gold's Battle With the S&P 500 May Define 2024 If the US avoids a recession in 2024, there may be little reason for gold to continue advancing at a greater…
Mike McGlone
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"Gold's Battle With the S&P 500 May Define 2024
If the US avoids a recession in 2024, there may be little reason for gold to continue advancing at a greater pace than the S&P 500 on a year-over-year basis to Nov. 27. It's the propensity for some overdue economic deflation and an equity bear market that may be the top reasons the metal's average price in 2023 at $1,934 an ounce is the highest ever."
The full report is on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/s4vtnadwrgg0
{BI COMD}
Bloomberg Intelligence
#gold #stockmarket #macroeconomic