GOLD

Gold

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 <p>Amid impressive performance from the asset throughout 2023’s final few months, the <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> price forecast has officially been upgraded to <a rel="noopener noreferrer nofollow" title="$2200" href="https://thebittimes.com/tag/2200.html">$2200</a> for 2024. Indeed, the metal set a new all-time high in December, reaching $2150. Despite a price correction taking away gains in recent weeks, it is poised to continue an upswing come January.</p>
 <p>Many experts have predicted that monetary policy action in the coming year will contribute to its positive direction. Indeed, the Federal Reserve has hinted at various interest rate cuts coming throughout next year. Therefore, many expect continued uptrends to be in store for <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp" alt="gold price us dollar usd" class="wp-image-119162" srcset="https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 1024w, https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 300w, https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 768w, https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 380w, https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 550w, https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 800w, https://cdn.thebittimes.com/images/2023/12/23/6b8e4dfecabaf720a3dd2da56a59f46b.webp 1063w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: Gold Price to Surpass $2050 as No Downward Corrections in Sight</strong></p>
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 <h2 class="wp-block-heading" id="h-gold-forecast-for-2024-upgraded-to-new-all-time-high">Gold Forecast for 2024 Upgraded to New All-Time High</h2>
 <p>The past year has certainly been a good one for a host of investment assets. Bitcoin and other cryptocurrencies have seen tremendous upward swings over the last few months. Moreover, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> has followed, reaching new heights throughout the early days of December.</p>
 <p>Now, the <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> price forecast has been upgraded, with experts now predicting a <a rel="noopener noreferrer nofollow" title="$2200" href="https://thebittimes.com/tag/2200.html">$2200</a> price point in 2024. Today, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> is trading at $2054 after standing firm at that level for the past few weeks. However, things could change as the United States monetary policy continues to shift in the coming year.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp" alt="Gold Price Predicted To Hit $2,150, Here's When" class="wp-image-121994" srcset="https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 1024w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 300w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 768w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 1536w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 380w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 550w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 800w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 1160w, https://cdn.thebittimes.com/images/2023/12/23/8c46a54a418f3113092a3bc24b81f5ea.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p><strong>Also Read: Gold Price Predicted To Hit $2,150, Here’s When</strong></p>
 <p>“Gold looks like it will be well supported by several factors in 2024,” ANZ Bank strategists told FX Street. “The start of the rate cut cycle in the US, slowing economic growth, a weaker USD, strong central bank purchases, and elevated geopolitical risks.”</p>
 <p>Thereafter, the bank stated their upgraded 12-month prediction to $2200 from the previously held $2150. Conversely, the factors previously stated create what could be a perfect storm for the gold price in the coming year. Especially if the Central Bank’s acquisition of the metal continues to reach record levels.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gold-price-forecast-upgraded-to-2200-in-2024-tbt74570.html">https://thebittimes.com/gold-price-forecast-upgraded-to-2200-in-2024-tbt74570.html</a></p>

Gold Price Forecast Upgraded to $2200 in 2024

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