Daily Gold Market Report
Decade of Stability
Gold’s Consistent 4% Q1 Performance Over 10 Years
(USAGOLD – 1/5/2024) The gold market is flat as the U.S. labor market remains robust, generating a higher number of jobs than anticipated in December. Gold is trading at $2042.06, down $1.59. Silver is trading at $23.04, up 2 cents. Over the past decade, gold has demonstrated a consistent yet moderate performance, yielding an average return of approximately 4% in the first quarter of each year. This steady increase reflects its enduring status as a safe-haven asset, particularly in times of economic uncertainty. Despite fluctuations in the market and changes in global economic conditions, gold’s 10-year performance in Q1 underscores its appeal to investors seeking a reliable store of value and a hedge against inflation and currency devaluation. Its behavior during this period reinforces its role in diversifying investment portfolios and preserving wealth over the long term.