Gold Prices Increase 13.5% YTD: 4 Market Outperformers
EGOEldorado Gold(EGO) ZACKS·2024-06-21 00:10

Gold futures for August delivery are currently around 2,343perounce,deliveringayeartodateriseof13.52,343 per ounce, delivering a year-to-date rise of 13.5%. Gold is currently at two-week highs, buoyed by lackluster U.S. economic data that has led to expectations of interest rate cuts by the Federal Reserve this year. So far in 2024, gold has been consistently above the 2,000- per-ounce mark, surging to an unprecedented high of $2,449.50 in May. Several factors have contributed to this upward trajectory, including increased geopolitical tensions, a d ...