Gold investing in mid-2024 benefits from strong central bank purchases, with China and Turkey expanding holdings. Analysts report this activity underpins price stability above $2,300, despite mild fluctuations in the USD real effective exchange rate. Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. Learn more: Gold Stocks Trounce AI-Led Chip Rally With 135% Gain in 2025 A recent JPMorgan note projects gold could average $2,370 in H2 2024, with upside risks if geopolitical events unfold. Such forecasts strengthen the case for strategic gold investing allocations in multi-asset portfolios.
