Gold goes parabolic, and gold explorers are now stirring! - 2024 April update

Gold has made new record highs over the past month after the US Federal Reserve announced in the March meeting it was expecting three rate cuts for 2024.

Not only has gold's rally gained momentum, it has gone almost parabolic.

Gold stocks have broken out of its selling wave, making a solid recovery since late-February. The ASX Gold Index is now trading near its highs in the last three years, poised to break out to form a new bull run.

Gold explorers and early-stage developers have stirred from their slumber and are now gaining momentum to catch up.

Could this run take gold stocks beyond the 2020 highs?

Find out more in this video where Brian Chu and Trung Thai discuss what is happening with the US economy, inflation outlook, monetary policy, and the outlook on gold and gold stocks.

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None of the content in this video serves as financial advice. They are opinions based on Brian and Trung's personal views and reflect their risk tolerance, which may differ to yours. You should seek a financial adviser before you make any decisions. The Australian Gold Fund does not take any responsibility or bear liability for any losses arising from acting on our opinions.