A 64% increase in gold purchase searches on Google; economic recession concerns rise.

Since the beginning of 2024, gold has garnered significant attention due to its impressive growth and reaching an all-time high price. According to Finbold’s research, between July 31 and August 6, Google searches for the phrase “gold purchase ” increased by 63.93%. Economic recession concerns following the Federal Open Market Committee meeting and the employment report release have driven the sudden surge in interest in gold investment. Hawaii has shown the most interest in gold purchase . The main reasons for this increased attention are gold’s role as a safe haven during crises, limited supply, and industrial applications. Recession concerns peaked with the decline in stock markets in Japan and Taiwan. This trend shows that investors will continue to consider gold a valuable asset in 2024.