Here’s a quick Spring 2024 gold price update: the yellow metal is on fire. Frankly, we could end the article there. There’s no other way around it. In March alone, prices soared, breaking record after record after gaining 9%, achieving its best month since July 2020 and marking back-to-back quarterly gains.

After a period of historically aggressive rate hikes, the Fed has again hit the pause button, opting to hold rates steady for a second consecutive meeting. Federal Reserve Chair Jerome Powell cryptically explained, “Slowing down is giving us, I think, a better sense of how much more we need to do if we need to do more.”

Imagine you’re sipping your morning coffee in your living room on a Saturday morning. That was the reality for thousands of Israelis on Saturday, October 7. Yet, this mundane normalcy changed forever in the blink of an eye.

The U.S. dollar has been the dominant force in global finance for years. But a recent declaration by Russian President Vladimir Putin at the 15th BRICS summit in Johannesburg heralded a potential shift.

Gold may be carving out a renewed path to prosperity in a financial landscape rattled by bank collapses and poor earnings. Combined with the audacious move by the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency could be converging into a perfect storm.

There’s a touch of optimism permeating the equity markets as of late. The Federal Reserve recently halted its streak of rate hikes, having notched up 10 back-to-back increases in 15 months. Additionally, in May 2023, U.S. inflation dipped to 4%, and the S&P emerged from its longest bear market since 1948.