Gold is set for its best year since Jimmy Carter was president | CNN Business
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Gold is experiencing its best year since 1979, with futures soaring 71% due to geopolitical tensions, inflation fears, and central banks, especially China, increasing gold reserves. The rise is supported by a weaker US dollar and expectations of Fed rate cuts. Other precious metals like silver, platinum, and palladium have also surged. Investors view gold as a safe haven amid global uncertainties and government deficits. Analysts predict continued price increases, with JPMorgan Chase expecting gold to exceed $5,000 a troy ounce by 2026.
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