Gold’s Case Solidifies in 2024

Gold made new all-time highs in the fourth quarter of 2023. Strength in the bullion markets provided a much-needed boost for the miners too, whose relative underperformance versus gold reached near-record levels heading into December. The appetite for gold-backed exchange-traded funds and gold mining stocks remains relatively subdued, for now. However, gold and gold miners continue to build a compelling investment case for themselves as we enter 2024.