Gold can protect you against inflation and be a safety net when the economy isn’t doing well.

Financial experts often suggest keeping between 5% and 25% of your investments in gold and other precious metals.

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"Therefore, the government needs to formulate a comprehensive strategy so that gold stock reserves abroad and within the country can be increased by ensuring that the country's purchasing power is in a stable and strong state, especially the value of the Malaysian ringgit," he said.

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Gold has been supported by strong central bank purchases and safe-haven demand amid escalating Middle East tensions after Israel said it would retaliate to Iran's drone attack.

Gold rate has risen by about 15% so far this year, with gains partially driven by safe-haven demand amid escalating geopolitical tensions in the Middle East and Ukraine.

Looking ahead, sentiment remains bullish for gold as long as geopolitical tensions persist and escalate.

Citigroup anticipates that the mean gold price will hover around $2,350 per ounce in 2024, followed by a significant 40% surge to $2,875 in 2025.

The global price of gold could potentially reach $3,000 per ounce as additional funds pour into exchange-traded funds backed by the precious metal, according to analysts at Citi, as quoted by CNBCTV18.

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Investors in China are paying attention to gold and want to own the companies that own gold in the ground that can be monetized too.

China Asset Management Co. said that the secondary market price of the “Shanghai-Shenzhen-Hong Kong Gold Industry Stock Exchange-traded Open-ended Index Securities Investment Fund ETF” traded significantly higher than NAVs with a premium as high as 30% before trading was halted.

China raised its gold holdings for the 17th consecutive month at record prices, while India also added to its gold holdings

Call from gold Target price for 2024
Citi $3,000
UBS $2,700
Goldman Sachs $2,500

On Friday, Goldman Sachs referred to the gold market as an "unshakeable bull market" and revised upward its price target for the yellow metal from $2,300 per ounce to $2,700 by the end of the year.

"We project $3,000/oz gold over the next 6-18m," said Citi's analysts led by Aakash Doshi, Citi's North America head of commodities research.

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Always keep some of our wealth in gold during times of political and economic uncertainties.
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Gold Still Has Room To Climb, Market is Emotional.

Gold is even used in the treatment of rheumatoid arthritis. Providing pain relief through the reduction of swelling and stiffness, patients typical get injections containing gold salts during 22 weeks.

Due to its biocompatibility and resistance to corrosion, gold is sometimes used in medical implants, such as pacemakers and artificial joints.

Gold nanoparticles can be added to glass to create a range of colors, from red to purple and blue. These types of glass are often used in luxury items, such as jewelry and watches.

Gold ink can help achieve high quality and durable prints. This has extended into 3D printing, where gold has been used experimentally to produce unique items.

Cellphones also contain a small amount of gold. With gold having a high resistance to corrosion, it's much more reliable than silver. However, it's more expensive.

A natural conductor of electricity, televisions and computers contain small amounts of gold. Also, older items like cameras and radios tend to have gold within their circuit boards.

In every single vehicle that NASA launches into space, gold is used in several ways. The metal is used in the circuitry, as well as to lubricate the mechanical parts. It's also used to coat the inside of the spacecraft, protecting the astronauts from infrared radiation and extreme temperatures.

Gold is super flexible, and a single ounce of gold (about 28 grams) can be stretched into a gold thread that's 5 miles (8 km) long. Gold thread and embroidery have been used in textiles for centuries, especially in royal clothing.

Gold is sometimes used as an anti-inflammatory, antioxidant, and anti-aging ingredient in cosmetics and beauty products. However, the amounts used are typically very small.

Gold is also being incorporated into drinks, such as the popular cinnamon schnapps Goldschläger. Each bottle contains small fragments of gold foil that can be consumed.

Although gold is a heavy, dense metal, it's generally considered nontoxic. Therefore, gold is sometimes used as a food additive, particularly in luxury restaurants.

ome people have discovered that their hair contains small amounts of gold. This is likely due to exposure to the metal in the environment.

For centuries, gold has been used for fillings, crowns, and other types of dental work.

Some plant species are known to absorb trace amounts of gold from the soil. Scientists have even experimented using plants to extract gold from contaminated soil.

While the concentration of gold in seawater is extremely low, there's an estimated 20 million tons of gold dissolved in the oceans.

Gold is usually found in rivers and streams. This is because the flowing water washes away lighter materials and leaves behind the heavier materials, like gold.

Pure elemental gold is 24 karats, while 18-karat gold is 75% pure gold, 14-karat gold is 58.5%, and 10-karat gold is 41.7%.

Gold is relatively unreactive and resists degradation by air, moisture, or acidic conditions. While acids dissolve most metals, gold is dissolved using a special mixture of acids called aqua regia.

Au is the element symbol for gold and comes from the Latin name aurum, which means "shining dawn" or "glow of sunrise."

Nearly all the gold on Earth came from meteorites that bombarded the planet over 200 million years after it formed. The Earth's crust and mantle contain gold

There is a small amount of gold in some meteorites and other space debris that fall to Earth. In fact, some scientists believe that much of the Earth's gold may have originally come from outer space.

Gold is the only metal that is yellow. Other metals may develop a similar color, but only after they have oxidized or reacted with other chemicals.

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The ECB held interest rates at a record high but signaled it could start cutting as early as June.

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