**WGC Report: Where does Gold land in 2024?

History may not have the last word.

Housekeeping: There will be one final post following this one for the next few days. It will have links to 21 new GoldFix posts for your reading pleasure. Hopefully you will have time to grab your favorite beverage, a comfortable chair, and catch up on things while this holiday season swirls around you.

Unless some major breaking event occurs, we will be taking a few days off and doing likewise

Contents

1. All eyes on the Fed

2. A recession is not off the table yet

3. A (less likely) third option

4. Can gold break away?

5. Sidewinding in a soft landing

6. Consistent recessionary outperformer

7. Higher rates may spook

8. History may not have the last word

Comment: This is very good. They gamed out some scenarios better than the Banks do actually sharing a lucid opinion on soft landing potentiality (unlikely)

Where do we land from here?

Gold had a strong 2023, defying expectations amid a high interest rate environment, and outperforming commodities, bonds and most stock markets.1 As we look forward to 2024 investors will likely see one of three scenarios (Table 1). Market consensus anticipates a ‘soft landing’ in the US, which should also positively affect the global economy. Historically, soft landing environments have not been particularly attractive for gold, resulting in flat to slightly negative average returns.