2024 Gold Price Forecast: How high can gold go?
@NAI500:
In the past year, the focus on gold $Gold - main 2402(GCmain)$ has increased so much that even $Costco(COST)$ has entered the market and started selling gold bars online.Gold prices topped $2,000 an ounce in November and are expected to continue rising through 2024. Analysts said the gains were driven by strong safe-haven buying amid geopolitical tensions and a modest decline in the dollar. However, some experts say gold may stabilize over the next year.The World Bank's Commodity Outlook report pointed out that the escalation of conflict in the Middle East could increase the demand for safe-haven assets, leading to a sharp rise in gold prices.BMI, a research firm owned by Fitch Solutions, forecasts a