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 Affluent Americans Turn to High-End Bunkers as Political Fears Escalate READ MORE Yuan Hits Weakest Level Since November as China Loosens Currency Control READ MORE Gold Market Shines During Spring Festival, Yet Slower Growth Expected Ahead READ MORE S&P 500 Could Halve as Market Bubble Bursts, Warns Top Strategist READ MORE US Job Market Cooler Than Thought: 818,000 Jobs Reduced in Revision READ MORE Add a Comment Cancel replyYour email address will not be published.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