Top Performing Investment Assets, First Half of 2024

Economics & Macro

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Adi Ahdiat 03/07/2024 17:57 WIB

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According to the World Gold Council, the investment assets with the highest value growth in the first half of 2024 were US stock market equities and gold.

Global Investment Asset Growth Percentage (January-June 2024)

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Top Performing Investment Assets, First Half of 2024

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Global Investment Asset Growth Percentage (January-June 2024)

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Stocks in the US stock market were the best-performing investment asset in the first half of 2024.

This was stated by the World Gold Council (WGC) in its *Gold Mid-Year Outlook 2024* report.

According to WGC data, from the beginning of the year until June 30, 2024, the value of stocks on US exchanges generally strengthened by 15.64% (year-to-date/ytd), the fastest growth compared to other types of investment assets.

Meanwhile, gold ranked second with a value growth of 12.74% (ytd).

"Gold prices have so far benefited from continued central bank purchases, investment flows in Asia, strong consumer demand, and geopolitical uncertainty," said the WGC team in its report.

The WGC assessed that gold prices could rise due to the influence of interest rate cuts in developed countries and geopolitical conditions. However, the price could also fall due to other factors.

"The outlook for gold is not without risk. A significant decline in central bank demand or widespread profit-taking by Asian investors could hinder its performance," said the WGC team.

The WGC noted that in the first half of 2024, other investment assets had lower growth, below 10% (ytd).

Some even experienced negative growth, namely US bonds and treasuries from countries other than the US, as shown in the graph.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."