Andrey Litvinov

As we bid farewell to 2023, gold's remarkable ascent deserves scrutiny. The metal surged by a substantial 15%, culminating in an unprecedented annual close at $2,078 per ounce, a testament to its enduring allure as a safe-haven asset. Beyond the glittering numbers, nuanced trends in consumer behavior and central bank activities reveal the multifaceted dynamics shaping the gold market.

In the wake of the Federal Reserve’s recent decisions, the economic landscape is undergoing intriguing shifts. In this article, we'll unravel the complexities influencing the US dollar, scrutinize the technical terrain, and delve into the surging interest in gold from both institutional and individual perspectives.