Where Are Gold Prices Going In 2024. Given economic conditions and political tensions, most experts agree that gold prices are going to rise in 2024, as more and more consumers seek out a safe spot. The rise in gold prices in 2024 can be attributed to several key factors:
Gold prices are expected to climb to $2,500/oz by the end of 2024, according to j.p. Gold prices are expected to average $1,900 per troy ounce in 2024โ6 percent higher than in 2023, before retreating in 2025 as inflation and recession fears fade.
Or 15.70% Since The Beginning Of 2024, According To Trading On A Contract For Difference (Cfd) That Tracks The Benchmark Market For This Commodity.
With prices slumping, there is high demand for gold jewellery ahead of the upcoming wedding season.
Dollar, Cycle Lows, Federal Reserve Policy.
This prediction assumes a fed cutting cycle commencing in november 2024, pushing gold prices to new nominal highs.
Where Are Gold Prices Going In 2024 Images References :
Given Economic Conditions And Political Tensions, Most Experts Agree That Gold Prices Are Going To Rise In 2024, As More And More Consumers Seek Out A Safe Spot.
In march, the spot price hit a record $2,160 per ounce price.
Gold Prices Are Expected To Average $1,900 Per Troy Ounce In 2024โ6 Percent Higher Than In 2023, Before Retreating In 2025 As Inflation And Recession Fears Fade.
Government and industrial demand for gold will also factor into where prices head, but overall, experts say prices are likely going to rise in 2024 โ and then hold.