Gold prices fell on Wednesday as the dollar strengthened, and investors are looking forward to key US inflation data that could influence the Federal Reserve’s next policy move. Meanwhile, many experts continue to reveal their long-term gold forecasts. The last of these was Patrick Karim from Northstar & Badcharts. As Kriptokoin.com, we share the expert’s comments…
Gold forecast from Partick Karim: $4,200 by 2024
Patrick Karim of Northstar & Badcharts said gold and silver would be both; if prices continue to follow a 7-year spring pattern; He said that he will see much higher levels than their current prices. In a recent interview, Karim said that if this arc continues, gold should trade some 250 percent above its 2017 level. He said it should reach $4,200 per ounce by 2024.
On the other hand, he predicted that silver will be traded at 350 percent above the 2017 level by 2024. According to the expert, this rate will carry silver to a price tag of $77 per ounce over 3 years. At the time of writing, the price of gold is changing hands at $1,825, down 0.39 percent. Silver is trading at $24.28 an ounce, with a 0.61% depreciation. Investors continue to wait for key US inflation data. It is thought that this development may affect the market.
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