Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS Insights UBS predicts a bullish future for gold and silver in 2024, projecting gold to reach $2,200 per ounce by year-end, driven by anticipated U.S. Federal Reserve interest rate cuts. Joni Teves, UBS’s precious metals strategist, highlights a potential easing by the Fed and a consequent weaker dollar as key catalysts for gold’s rise. This expectation stems from gold’s inverse relationship with interest rates; lower interest rates diminish the attractiveness of yield-bearing investments like bonds, thereby enhancing gold’s appeal. Additionally, a softer dollar lowers gold’s price for international buyers, further boosting demand. This forecast sets the stage for significant gains in the precious metals market, with silver expected to dramatically outperform. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ECB Poised for June Rate Cut to Stay Ahead of Inflation Curve READ MORE World Gold Council: Gold Demand Trends Full Year 2023 READ MORE Yen Predicted to Weaken to Lowest Since 1986 Amid Rate Disparities READ MORE Gold's Summer Slump? Market Experts See Sideways Trading Before Potential Upswing READ MORE Oaktree's Marks Forecasts 3-4% 'New Normal' for US Interest Rates READ MORE Add a Comment Cancel replyYour email address will not be published.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