Gold Prices Forecasted to Reach $2,500 in 2024, UBS Says UBS analysts have revised their gold price forecasts upward, anticipating a surge to $2,500 per ounce by the end of 2024, following a significant rally that has already seen prices reach new highs. The 13% increase in gold prices this year is attributed to geopolitical tensions and inflation concerns, which are influencing the Federal Reserve’s interest rate expectations. UBS predicts that gold ETF holdings will grow as the Fed begins to lower rates around mid-year, aligning with past trends where gold demand increases with ETF purchases during periods of rate adjustments. Consequently, UBS now expects gold to hit $2,300 per ounce in June before reaching $2,500 by year-end. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts 3,000-Year-Old Phoenician Gold Artifact Discovered in Jerusalem READ MORE Gold Prices Rise Despite Weekly Downtrend as Fed Minutes Signal Caution READ MORE U.S. Job Openings Decline in November, Indicating Labor Market Shift READ MORE Gold Inches Higher as Markets Await Powell's Testimony and Inflation Data READ MORE Nasdaq 100 at Risk? Citi Strategists Flag Potential Tech Sell-Off READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment