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Chart of the week: Gold's best year since 2010

2024 was a good year for gold investors. The price of gold rose roughly 27%, the most in 14 years. Rate cuts, ongoing geopolitical conflicts, and favorable supply/demand dynamics helped add to gold’s luster. Gold bulls are betting that potential dollar depreciation and falling bond yields will help propel prices even further. The risks to that outlook include rates staying higher for longer than expected, cooling regional conflicts, and a risk-on investing climate, among other factors.
Source: FactSet, as of January 7, 2025.

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Past performance is no guarantee of future results.

The gold industry can be significantly affected by international monetary and political developments such as currency devaluations or revaluations, central bank movements, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries.

Fluctuations in the price of gold often dramatically affect the profitability of companies in the gold sector.

Changes in the political or economic climate, especially in gold producing countries such as South Africa and the former Soviet Union, may have a direct impact on the price of gold worldwide.

The gold industry is extremely volatile, and investing directly in physical gold may not be appropriate for most investors.

Bullion and coin investments in FBS accounts are not covered by either the SIPC or insurance "in excess of SIPC" coverage of FBS or NFS.

Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

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