gold investing
The 2024 gold analysts’ projections: gold analysis from the experts’ point of view?
The 2024 gold analysts’ projections: gold analysis from the experts’ point of view?
Many sources and experts present gold and gold price projections for 2024 based on different models, methodologies, and assumptions. Despite moderate performance in 2023. Many investment banks maintain high gold price forecasts for 2024 and the next five years. However, central banks continue to strengthen their gold reserves, highlighting the permanent attraction of precious metals. In the following sections, we will discuss gold and price projections from some of the most famous and influential sources and experts:
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The World Bank expects an average gold price of $1.950 per ounce in 2024.
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The International Monetary Fund (IMF) projected an average gold price of $1.775 per ounce in 2024.
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Goldman Sachs Bank expects an average gold price of $2.133 per ounce in 2024.
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J.B. Morgan Chase expects the price of gold to reach $2,175 per ounce in 2024.
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ABN AMRO expects an average gold price of $2,000 per ounce in 2024.
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Citigroup raised its 2024 projections of average gold prices to $2,040 per ounce.
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UBS reduced its gold price forecast in mid-2024 to $2,200 from $1.950 per ounce.