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– Or, lingots
Gold had the wind in its sails in 2024, with an enviable performance of 34%, to say the least, which made it one of the best investments of last year, thanks to the positive impact of the drop in key rates, massive purchases by Central Banks and geopolitical tensions (the barbaric relic being considered a safe haven and protection against shocks)! This is the third best annual performance for gold since the launch of the euro. And over the period, the price of the king of precious metals gained 9.39% per year on average, i.e. a 10-fold increase in the space of 26 years, underlines the Comptoir national de l’or.
The resounding health of gold in 2024 can be explained, among other things, by the reduction in the Fed’s key rates (and its negative impact on the remuneration of government bonds, i.e. long-term rates), which has made the metal yellow (an investment not paying income) more attractive in the eyes of investors, in comparison. In addition, the Chinese largely favored gold last year, buying it massively, particularly following the recording of new historic peaks last March (a major bullish signal, from the point of view of technical analysis) .
How to buy gold?
Gold was boosted in 2024 by central bank purchases and political and geopolitical tensions
In addition, central bank gold purchases (countries such as Poland, India, China, Turkey, the Czech Republic, Hungary and Qatar were at the forefront) remained strong, although down compared to those of 2023, underlines the Comptoir national de l’or. These gold purchases remain motivated by the desire of many countries to “dedollarize,” adds the precious metals expert. Finally, political tensions (uncertainties linked to the American presidential election, dissolution of the National Assembly in France, etc.) and geopolitical tensions (missile firings between Israel and Iran and intensification of the war in Ukraine, between sending North Korean soldiers to the front and authorizing kyiv to use Western weapons to strike Russian territory) have intensified.
What catalysts for gold (upward or downward) in 2025?
After a flamboyant year in 2024, will gold continue to spark in 2025? This year, watch out for the tone of Trump’s second term. In this regard, new customs duties could provoke a trade war, hamper economic growth and boost inflation, which could benefit gold, judges the Comptoir national de l’or. In terms of geopolitical tensions, the war in Ukraine will remain in the spotlight. Donald Trump’s tone and his positioning vis-à-vis Vladimir Putin will be closely scrutinized, warns the Comptoir national de l’or. And while the budget deficit should continue to widen in the United States, the question of the drift of public debts could also be a catalyst for gold.
The price of gold is soaring: pay attention to taxation if you want to resell it
Last year, readers of Momentum (the daily premium investment letter from Capital on the Stock Exchange) were able to win big on gold and on Newmont shares (the world’s number one gold mining company), purchased and resold at excellent timings. Discover every day in Momentum our analyzes on the CAC 40 and stocks listed on the stock exchange. Our selection of stocks has largely beaten the CAC 40 since the launch of Momentum in 2021. To register, simply click on the link inserted above in this article. By opting for an annual subscription, 5 months are free.
