From Slump to Surge: Some Expect Gold to Bounce Back
Despite a recent decline in gold and silver prices, some industry experts believe that these precious metals will experience a bullish trend in the near future. Here are the key points to consider:
- Gold and silver prices have dropped since their peak in August 2020.
- The World Gold Council’s report highlights that gold demand has dipped slightly but remains strong overall.
- TD Securities’ Bart Melek predicts that gold could rise above $2,100 in late 2023 or early 2024 due to the U.S. Federal Reserve’s actions.
- David Neuhauser of Livermore Partners foresees gold reaching $2,500 by the end of 2024, citing potential recessionary forces.
- ANZ research predicts that gold could be trading at $2,100 by the end of 2023 and near $2,200 by September 2024.
While these projections offer hope for a rebound in gold prices, it’s important to remember that market conditions can change. Investors should closely monitor the factors that may impact the precious metals market.
By
By
By
By
By