As we move into 2024, gold is regaining prominence after being overshadowed by critical metals like lithium.
Currently priced at $2039 USD/oz, gold has risen by 8.70% in the past year. Known for its role as an investment hedge against inflation, gold is influenced by factors such as the US dollar, central banks, economic uncertainty, and global demand. The post-COVID era, marked by economic instability and government monetary easing, has boosted gold prices as investors seek a safe haven.
In Australia, a country rich in untapped gold resources, mining companies like Northern Star Resources, Gold Road Resources, and Resolute Mining are benefiting from this resurgence. Gold’s historical ability to shine in times of economic uncertainty presents a unique opportunity for investors, whether in blue-chip gold stocks or smaller cap opportunities.
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