Analysts Predict Brighter Prospects For Gold Ahead in 2024 Gold prices are currently experiencing a slight decline, sitting at $2,041.7 per troy ounce, with a modest outlook for imminent price increases according to Macquarie analysts. Despite gold’s strong recent performance, driven largely by significant physical demand from China, the prospect for near-term price growth remains limited. This is attributed to the inverse relationship between gold prices and physical demand changes. Initially, expectations were set high for a March rate cut by the Federal Reserve, but with the Fed Funds futures now anticipating three to four 25 basis points cuts from June, the outlook appears more balanced. However, Macquarie analysts anticipate a more favorable macrofinancial environment later in the year, which could propel gold prices to new heights, suggesting that while immediate gains may be constrained, the potential for a rise in gold prices later in the year remains. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US Dollar Emerges as New Funding Currency for Carry Trades READ MORE Inflation Squeeze: Gen Z Turns to Parents and Budget Cuts to Survive READ MORE BIS Report Signals Turning Point in Battle Against Inflation READ MORE Oil Prices Fall as Global Demand Concerns Eclipse Supply Fears READ MORE Gold’s Behaviour Points to Sustained Strong Demand READ MORE Add a Comment Cancel replyYour email address will not be published.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