Sector Update
Gold Market Update: November 2024 Gold Rallies Amid Geopolitical Tensions
Front-month gold futures soared 5.6% this week, reaching $2,709.90/oz—their largest one-week move since March 2023—amid escalating geopolitical risks, particularly in Eastern Europe. Reports of Russia’s use of advanced ballistic missiles have heightened safe-haven demand, outweighing pressures from a stronger dollar