The World Gold Council (WGC) released its 2024 Gold Outlook report, analyzing potential gold market behaviors in the coming year.
The WGC anticipates flat gold demand in the scenario of a U.S. economy "soft landing," where the Federal Reserve successfully reduces inflation without causing an economic downturn.
In the event of a recession, the WGC expects gold to become more favorable, with investors likely adopting a "flight to safety" approach.