Review of Gold and Copper Price Growth

01.04.2024

The gold and copper market in 2024 continues to attract attention with its dynamics and prospects. Investors and experts are monitoring changes in the global economy and politics to adapt their strategies and maximize opportunities in this important precious metals market.

Over the past few weeks, gold has confidently reached one high after another. In March, the precious metal has already broken several records and shows no signs of slowing down.

Another record was set by gold last Thursday, ensuring the strongest month in over three years! The spot price closed the first quarter of the year at $2,235 per ounce amid falling interest rates and increasing demand for safe-haven assets.

Copper has also reached an 11-month high. The metal’s price has increased by over 10% in the past six weeks.

Gold price forecasts for 2024 already look strong: a range of expert estimates averaging around $2,500 per ounce.

Demand for copper remains high due to growing construction, electric vehicles, and other industries utilizing this metal. Emerging market countries are buying copper at record levels, creating additional prospects for investors and producers.

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