Tag: gold prices
Analysts’ Gold Predictions for 2024 Are Promising!
As the year drew to a close, we witnessed a dovish turn from the Fed on US interest rates. Added to this are ongoing geopolitical risks. Additionally, central bank purchases…
Analysts Announced Their January Predictions for Gold! Is a Record Coming?
Spot gold set the year’s record daily closing price on Wednesday. Following this, the precious metal continued to trade at higher levels. Some analysts predict the strength will likely extend…
What to Expect from 2024 for Gold Prices?
The revised GDP, along with the PCI inflation index released Friday, increased investors’ optimism that the Federal Reserve would cut interest rates by a larger amount than indicated on the…
ANZ Bank Announces 2024 Forecasts for Gold Prices!
The gold market has witnessed a number of major global events throughout 2023 that will greatly impact its value. Chief among these were the banking crisis and geopolitical tensions. Gold…
These Levels are on the Table for Gold Prices!
Gold prices tested a multi-day high of $2,048 on Tuesday. However, it pulled back on Wednesday and is gaining ground near $2,030. The US Dollar is licking its wounds along…
“Gold Will Rule 2024!” Macro Guru Announces His Predictions
According to Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, the gold price has increasing potential to outperform base metals in 2024. Essentially, the precious metal is getting stronger, McGlone…
Gold Slipped from the Top! 15 Wall Street Analysts Announce Their Predictions
Gold gave back most of its recent gains in the first week of December. It achieved its first monthly close above $2,000 last Friday. After hitting an all-time high of…
What to Expect for Gold Price?
According to some analysts, next week will be an important test for the gold market. Because a hawkish Fed could put downward pressure on the gold price, which is already…
ING Bank Announces its Gold Predictions for 2024!
According to ING Commodity Strategist Ewa Manthey, gold prices will continue to see all-time highs in 2024 due to the weakening US dollar and the effect of the Fed’s interest…
What will it do in the short and medium term?
Spot gold opened the Sunday evening session with great momentum. In this move, it shattered key resistance levels and the previous high to reach the all-time high of $2,148.99. However,…
Gold Will Shine in Summer; This Level is the Target!
Steel will be the strongest trade in the first quarter of 2024, according to Bank of America’s metal analysts. Additionally, base metals will rise in the second half of the…
Gold Price Moves High: Is a Breakout Near?
The gold price is holding above $2,000, hovering near its highest level in the last six months. Shiny metal continues to attract new attention. While the market has significant momentum…
What is Required for the Gold Price to Reach ATHs?
Gold prices managed to regain $ 2,000 and complete the second week in a row in the positive zone. After this, it started the new week with an increase. However,…
13 Wall Street Analysts Announced Their Predictions for Gold Prices!
Gold prices have surpassed $2,000 multiple times this week. Additionally, prices hovered around these levels Friday afternoon as U.S. traders emerged from their Thanksgiving stupor and returned to metals markets.…
Gold Prices Are Moving Towards These Levels!
Gold prices will remain around $2,200 for most of 2024, according to commodity analysts at Société Générale. That’s why analysts say gold’s rise above $2,000 is the beginning of a…
All Eyes on FOMC Minutes: How Will Gold Prices Be Affected?
Gold prices are hovering just below the $2,000 barrier. Thus, it is trading near its highest level in more than two weeks. Gold is ending a two-day corrective slide as…
Hot Gold Price Predictions Released: Which Levels Are on the Table?
The gold price continues its corrective decline from a ten-day high of $1,993 hit on Friday. The yellow metal is looking for clear directional momentum at the start of a…
Gold Price Predictions Received from 12 Wall Street Analysts!
Gold prices have risen steadily this week. Following the economic data announcements, the price of the shiny metal increased. But after last month’s strong and sudden moves, the precious metal’s…
Strategist Warns About Gold: Don’t Run After It, Wait!
Even though gold prices are on the rise, they cannot remain permanently above the psychological threshold of $ 2,000. According to one market strategist, gold is not a market investors…
What to Expect for US Post-CPI Gold Prices?
Soft US CPI dampened Fed rate hike expectations. Thus, the weakening dollar supported the bright metal’s outlook. As a result, gold prices started to rise. However, there are doubts about…