COMEX gold futures posted a 13.45% gain in 2023, while silver edged under 0.20% higher, platinum group metals dropped, and base metals underperformed the precious yellow metal. Gold’s dual role as a unique commodity and financial asset supported the price. In a February 1, Barchart article, I asked, “Is Gold a Buy Below $2,000.” Nearby April COMEX gold futures were at the $2,078.50 level on February 1 when I wrote:
Buying gold on price weakness has offered the best opportunity for success, and I expect that trend to continue over the coming months and years. In early 2024, a gold decline below the $2,000 level could be another golden buying opportunity.
