As we near the end of 2024, gold continues to perform strongly, reaching impressive highs in response to a blend of economic and geopolitical factors. Gold has been one of the top-performing assets of the year, benefiting from strong demand from central banks and resilient Asian markets, including high purchasing activity in China and India. A significant factor behind gold’s performance is the high number of record-breaking price points this year, with the metal hitting 39 new all-time highs by the end of October. The price trajectory has also seen gold inching closer to $2,800, driven by central bank support and favorable demand trends. Market sentiment shows that gold’s price rises are being primarily driven by trading in Asian sessions, with volatility peaking during U.S. and European trading hours. Investors should monitor upcoming fiscal policies, inflation data, and potential policy changes, as these factors are likely to influence gold’s market behavior in the months ahead. With its solid rally and continued strong demand, gold remains a favored asset in today’s complex economic landscape.