Gold has been on a rollercoaster ride over the past month. Economists at Commerzbank analyze the yellow metal’s outlook. Gold still expected to reach
new record high of $2,100 by end-2024 We expect the Gold price to continue trending upwards in the medium to long term. That said, the recovery is likely to begin at a lower level, not to mention later than we had previously predicted.
We now envisage a Gold price of roughly $1,900 at the end of December . As soon as there are clearer signs of an imminent recession in the US, i.e. from roughly next spring, rate cut speculation should increase and lend greater buoyancy to Gold. Our forecast for the Gold price at the end of 2024 therefore remains unchanged at a new record high of $2,100.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hopeGold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some
Leer más »
Gold Price Forecast: XAU/USD correction could extend after Friday’s 3% upsurgeGold price is retracing a small portion of Friday’s massive surge to the highest level in three weeks at $1,933. The United States Dollar (USD) stays
Leer más »
XAU/USD Price Forecast: Tempered Start for GoldGold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.
Leer más »
Gold Price Forecast: XAU/USD gets rejected by the 200-day SMA, US yields riseAt the beginning of the week, the XAU/USD retreated towards $1,920 and consolidated Friday’s rally, which saw the spot price rising by more than 3%. M
Leer más »
Gold Price Forecast: XAU/USD recovers from near $1,900 holds near recent highsSpot Gold gapped lower at the weekly opening, retreating from a multi-week high of $1,932.61 a troy ounce to trade as low as $1,908.19 on Monday. Fin
Leer más »