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The World Gold Council’s Q4 and Full Year 2024 Gold Demand Trends report reveals that total annual gold demand (including OTC[1]) hit a new, record high of 4,974t, driven by strong, sustained central bank buying and growth in investment demand. The combination of record high gold prices, and volumes resulted in the highest ever total value of demand at $382bn.
Could 2025 be the year for SA Equity? 2024 saw US Equity (S&P 500) having another year of stellar performance of 26% in the calendar year after 27% in 2023. The Jury is still out on whether US equity can achieve a third consecutive bumper year, which may leave investors feeling uneasy.
Investor confidence is likely to remain rattled in the context of ongoing market volatility in response to US President Donald Trump’s policy announcements and tariff threats.
Those of you in search of cutting-edge macroeconomic forecasts for 2025 might choose to skip today’s newsletter. If, however, you place more value in lessons from your country’s economic history than the often incorrect forecasts for inflation, interest rates, and market returns you are exactly where you were meant to be.
How is your business leveraging the efficiencies and scale offered by technology without diluting your human edge?