Connect with us

Hi, what are you looking for?

fortunateinvestments.comfortunateinvestments.com

Investing News

Will Rhind: Gold Stands Out in 2024, 3 Factors Moving in its Favor

Will Rhind, CEO of GraniteShares, discussed his 2024 outlook for gold, sharing three factors working in its favor.

‘And then lastly, the geopolitical tensions don’t seem like they’re really willing to go away quickly, and therefore will keep some tension in the market and again some interest in gold as a defensive asset.’

Aside from that, Rhind pointed to the amount of cash currently sitting on the sidelines, noting that investors can still get good returns on the money they have in the bank. However, if that starts to change they could start moving toward gold.

When asked where he sees the most opportunity in 2024, Rhind said artificial intelligence (AI) is clearly the zeitgeist.

‘I think that will endure — AI is I think the seminal theme not just of last year and this year, but I think of years to come. So the technology market has prospered in this environment for good reason,’ he commented.

At the same time, gold’s fundamentals remain positive. ‘Gold to me still stands out as being that precious metal that will get the most traction, will get the most attention and probably perform the best this year,’ Rhind said.

Watch the interview above for more of his thoughts on gold, as well as platinum and silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Business News

Workers at Mack Trucks have gone on strike Monday after rejecting a proposed contract between the company and the United Auto Workers union. The...

Stock News

The month of August has come to an end, and that means a focus on long-term trends, using monthly Relative Rotation Graphs in combination...

Stock News

September’s strong labor market—336,000 jobs added—initially shocked investors. Treasury yields and the US Dollar Index ($USD) spiked higher, while equity futures dropped. But a...