Connect with us

Hi, what are you looking for?

Human Spirit PowerfulHuman Spirit Powerful

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

You May Also Like

Stock News

Tech stocks were hit with selling pressure to start the year, but many are still in long-term trends and some are nearing support-reversal zones....

World News

PORTSMOUTH, N.H. — Former president Donald Trump is aiming for a crushing victory in Iowa on Jan. 15. But it is the New Hampshire...

World News

DES MOINES — Ron DeSantis and Nikki Haley held back-to-back CNN town halls in Iowa on Thursday as they fight to emerge as the...

Investing News

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce that it has successfully commissioned its vanadium electrolyte manufacturing facility (Facility)...