Gold prices are regaining momentum due to global market conditions, mixed U.S. policy expectations, and a potential 27% rise by year-end 2024 driven by geopolitical tensions.
Geopolitical tensions, particularly the Russia-Ukraine conflict and Middle East disputes, significantly increase demand for gold as a safe-haven asset amidst market uncertainties.
Despite potential pressure from expected Federal Reserve rate cuts in 2025, the ongoing geopolitical instabilities are viewed as strong support for gold prices.
Forecasts indicate that gold could close 2024 with a 27% increase, largely influenced by bank purchases diversifying from the U.S. dollar and global trade tensions.
Collection
[
|
...
]