With a demonstrated track record of delivering exceptional research outcomes and actionable insights in the bullion market, I am honoured to highlight the research performance metrics 2024 for the strategies published in the Augmont Daily Reports and Weekly Blog.
Gold continues winning streak on safe-haven demand
Gold continued its winning streak due to safe-haven demand sparked by worries about Donald Trump’s proposed policies, while the UK faced a budget crisis.
Strong investment and Industrial demand support precious metals
In response to Fed minutes that suggested a possible delay in the rate-easing cycle, gold is trading strongly. Furthermore, investors are turning to precious metals for stability due to increased market volatility from elevated geopolitical tensions.
Strong Central bank buying supports gold markets
In November 2024, the central bank increased its gold reserves by 53 tons, indicating continued strong purchases. The Reserve Bank of India resumed its 2024 purchasing spree, increasing 8 tons of its gold reserves in November.
Precious Metals forming a base for next-up leg
Precious metals are trying to form a base and rebound as US data showed a slowing economy and a “timid” reacceleration in inflation. This week is critical for gold traders, who will closely monitor key economic data.
Dollar strength putting pressure on precious metals
The main theme of the first week of 2025 was the strength of the US dollar. The strength of the Greenback may limit the upside potential of dollar-denominated gold, as a higher USD makes gold more expensive for buyers using other currencies.
Precious Metals heads north amid rising geopolitical uncertainty
US President Joe Biden reportedly discussed contingency plans for striking Iran’s nuclear facilities if Tehran made significant progress toward developing a nuclear bomb before Donald Trump’s inauguration on January 20.
Precious Metals marks best annual performance since 2010
In 2024, gold prices climbed by 27%, marking the best annual performance since 2010. This surge has been spurred by central bank purchases, increased geopolitical concerns, and major central banks’ monetary easing programs.
Gold and Silver Outlook for 2025
With the continued geopolitical, political, and macro uncertainty, gold and silver are expected to retain their appeal as a hedge against inflation. Investors may adopt a “buy on dips” strategy as the metal is anticipated to experience periodic oscillations, but the long-term view remains favourable for the next 5-6 months.
Precious Metals show resilience amid year-end holidays
Gold is expected to finish the year up 27%, its greatest yearly performance since 2010. This spike has been supported by central bank purchases, rising geopolitical risks, and major central banks’ monetary easing. Rising global tensions have supported gold’s resilience this week.