The price of gold has been on the rise due to the growing global uncertainty and geopolitical tensions. According to the World Gold Council, the gold price rose by 9.2% during the first quarter of 2023 to $1,980/oz, propelled by fears of an economic crisis and simmering geopolitical tensions.

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As we approach the year 2024, the global economy faces a multitude of challenges. This article aims to highlight some of the key issues that are expected to shape the economic landscape in the coming year.

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Risk of Stagflation Looms:
According to The World Bank and other economists, the United States and the global economy are at risk of stagflation in the near future.
Read more: 10 economic trends that are currently impacting the global economy

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According to a recent report by Gord Collins, the stock market is expected to be bumpy heading into October and the fourth quarter.
Read more: The stock market is expected to be bumpy heading into October

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The Middle East has been a region of geopolitical tension for decades, and the recent conflict between Israel and Hamas has had a significant impact on the global financial markets. The conflict has led to a rise in oil prices, which has fueled inflation and caused concern among investors.
Read more: Situation in the Middle East and impact on the market
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