- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Galan Lithium
Carbon Done Right
International Graphite
Trident Royalties PLC
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Will Rhind: Gold Stands Out in 2024, 3 Factors Moving in its Favor
"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," said Will Rhind of GraniteShares.
Will Rhind, CEO of GraniteShares, discussed his 2024 outlook for gold, sharing three factors working in its favor.
"I think it's set up nicely for an environment where to me three key factors move in gold's favor. In other words, the dollar gets weaker in an election year ... I think inflation starts to come down, helping interest rates come down, which eases obviously the real cost of gold, the holding cost of gold," he explained to the Investing News Network.
"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 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.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
- Gold Price 2022 Year-End Review ›
- Gold Price Forecast: Top Trends That Will Affect Gold in 2023 ›
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Outlook Reports
Featured Gold Investing Stocks
Browse Companies
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 2322.19 | -11.20 | |
Silver | 27.29 | -0.03 | |
Copper | 4.45 | -0.01 | |
Oil | 83.37 | +0.01 | |
Heating Oil | 2.58 | 0.00 | |
Natural Gas | 1.83 | +0.02 |
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Learn about our editorial policies.