Page 5 - Bullion World Volume 3 Issue 12 December 2023

Bullion World | Volume 3 | Issue 12 | December 2023

Additionally, a potential shift in Federal Reserve
policy in 2024 may be in the offing. If interest rates
are lowered, it typically results in a weaker dollar,
EDITORIAL rendering gold more affordable for international
buyers and consequently spurring demand. The
Federal Reserve initiated a series of gradual rate
hikes from March 2022 in response to a 40-year high
Dear Readers, in inflation, which dampened gold's attractiveness

as an investment. The inverse relationship between
In a historic milestone on December 4th, 2023, gold higher interest rates and gold demand becomes
prices surged to an unprecedented peak, reaching apparent, as gold, lacking any interest yield, faces
$2,100 in the spot market amidst a global surge in decreased demand compared to interest-bearing
demand for the precious metal. Analysts predict assets like bonds with more enticing yields.
a sustained upward trajectory for gold prices in
the coming year. The driving forces behind this This issue of Bullion World brings a special
optimistic forecast include geopolitical uncertainties, coverage on silver with topics on stand-alone silver
a potential depreciation of the U.S. dollar, and the jewellery, cadmium-free silver, and silver jewellery
likelihood of interest rate reductions. Projections for market dynamics. In continuation to this, we have
2024 hinge on the anticipated decline in both the featured Mr Amit Modak of P N Gadgil and Sons,
value of the U.S. dollar and interest rates, serving as Mr Rahul Mehta of Silver Emporium, Mr Ramesh
significant positive factors for the gold market. from Thangamayil Jewellery Ltd., Mr Avinash Gupta
of Argentum and Mr Krishna Goyal of Dwarka Gems
Central bank purchases are also playing a pivotal Limited. Mr Paul Voller from HSBC provides critical
role in propelling prices upward. According to the insights into the world of tokenized gold, showcasing
findings of a recent survey conducted by the World innovative approaches. Our magazine also features
Gold Council, 24% of central banks globally express an enlightening article on the Osaka Exchange and
their intention to increase their gold reserves over explores the global impact of logistics companies
the next 12 months. This sentiment is fueled by a in shaping the bullion market. Stay tuned for a rich
growing pessimism towards the U.S. dollar as a blend of expertise and analysis in this edition of
reliable reserve asset. Analysts suggest that this Bullion World.
trend could lead to an increase in demand from the
official sector in the coming years. Best wishes,

G Srivatsava
Editor

We would be happy to receive your comments and feedback on the content of this edition,
please write to editor@bullionworld.in

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