Bessa & Hossa

Gold: on 3rd of April 2024 closing price at 2299 USD. On 4th of April, intraday high at 2305 USD. On 5th of April closure at 2329 USD. Breached resistances, full price discovery in nominal values, parabolic movement. Silver: on 3rd April 2024 closing price at 27.1 USD. On 4th of April intraday high at 27.3 USD. Next day closure at 27.4 USD. Breached 26 USD resistance, attempts to move up..

year 2023 was uneven for global gold trends. On the positive note, some new records had been set and some strong trends were continued or re-appeared. On the other hand, final demand figures failed to meet high expectations. And in some categories we had seen continuation of adverse trends. Here’s snapshot of 2023 figures.

New Year – new opportunities, expectations and challenges. Considering its 2019 which could be percieved as last rather normal year, we’d expect economic, financial, political and geopolitical roller-coaster to continue. And this will continue to impact our lives and investments. However, world didn’t end since and it doesn’t seem to it in the nearest future, and so we must carry on thinking forward. So, what to expect from precious metals in 2024?metalach szlachetnych w 2024 roku?.

How much is it 5%? It’s relative. Have we had 1000 dollars that would be fifty bucks. On equity or commodity markets that would be juicy profit or loss. As a margin for goods manufacturing entity – that is dependable on type of goods and costs occurred – as it will directly impact our EBITDA. On more volatile markets like crypto, that would be just another boring day. But on treasury markets - especially in relation to yield – five percent mean a lot.

New Year – new opportunities, expectations and challenges. Considering its 2019 which could be considered as last rather normal year, we’d expect economic, financial, political and geopolitical roller-coaster to continue. And this will continue to impact our lives and investments. However, world didn’t end since and it doesn’t seem to it in the nearest future, and so we must carry on thinking forward. So, what to expect from precious metals in 2024?

This August, in Johannesburg, South Africa, BRICS was supposed to present its gold backed currency/token to be used for trade purposes. Or at least some sketch. It showed nothing - to major disappointment of some commentators. So was it nativity to expect ‘grand premiere’, or did BRICS’s project just failed because it is impossible to have gold-backed currency in modern days. Or maybe it was victim of inner-BRICS policies? And could we now finally say now, it is entirely ditched?

There are two main approaches helping to understand and determine price of assets. Narrower is microeconomics, which focuses on analysis of markets, entities, politics, government, legislation, demand/supply etc. Other is macroeconomics, which looks at economy as a whole, dealing with such aggregate phenomena as growth in total output and living standards, business cycles, inflation, unemployment etc. Right now both tell us, good times are gone.

Gold has reached and crossed briefly 2000 USD on 20th of March 2023. It was 3rd time it has passed through this psychological barrier.