Is Gold Finally Heading for a New Record High?

Hopes that interest rates have peaked have put a spring in the yellow metal’s step.

Gold: quite valuable.

Photographer: Chris Ratcliffe/Bloomberg

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

We’d like to pick your brains about your hopes for 2024 and your own investments… if you’re lucky enough to get a better-than-expected bonus or pay rise this year, what do you think you’ll do with the extra money? Pay off debt, stick it in cash, invest it, or spend the lot? Share your thoughts on the investment outlook in our MLIV Pulse survey.