2024 Economic Preview: What Expected Rate Cuts Amid Gold’s Rise Might Mean

Gold surged in the fourth quarter and that typically serves as a reminder that a lot of uncertainty is still out there.

A woman lifts a gold bar at the National Bank of Poland, the country's central bank, in Warsaw, Poland, on Nov. 13, 2022. . AP Photo / Michal Dyjuk

Interest rate cuts are widely expected in 2024 as the war on inflation appears almost won and continual calls for a recession that kept getting postponed finally land.

Against that backdrop, all three major U.S. stock indexes posted double-digit gains in 2023, with most of those gains coming in November and December. Canadian stocks ended 2023 solidly in the green and bonds also posted gains.