Third pre-CIBJO Congress 2024 Report released
Reviews performance of precious metals in 2023-2024 With fewer than nine weeks to go to the opening of the 2024 CIBJO Congress in Shanghai, China, on November 2, 2024, the third of the pre-congress Special Reports has been released. Prepared by the CIBJO Precious Metals Commission, headed by Vaishali Banerjee, the report provides a detailed overview of the gold, platinum, palladium and silver markets during 2023 and much of 2024. The group of precious metals showed differing movement, Vaishali wrote, but the trends that influence prices and demand were generally from outside the jewellery industry. Some were investment-driven and others industrial, with the rapid transformation of electric car manufacturing being a quite decisive factor. “Investment was the overarching theme for gold in 2023 both for institutional and retail investors,” she noted. “The gold price scored several record highs in the year and has continued the momentum. This is projected to lead to a slowdown in invest