Gold price to see rangebound performance in H2 2024, says WGC

After gaining good momentum in the first half of the year, the gold market could see a rangebound performance from its current levels in the second half, according to the World Gold Council.

The conclusion was reached following an analysis of the four main drivers of gold, namely: opportunity cost, economic expansion, risk and uncertainty, and momentum. WGC’s analysis used “expected” rather than “observed” values for each of the driver used (see graph).

In this context, a...