"...
Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS..."
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“We are expecting gold to be pushed higher by a Fed easing. Also this comes with a weaker dollar” said the investment bank’s precious metals strategist Joni Teves, who expects the metal to hit $2,200 per ounce by the end of the year...."
Gold prices tend to have an inverse relationship with interest rates. As interest rates dip, gold becomes more appealing compared to alternative investments like bonds, which would yield weaker returns in a low interest rate environment.
In turn, lower rates weaken the dollar, making gold cheaper for international buyers, driving up demand...."
https://www.cnbc.com/2024/02/05/gold-prices-to-hit-2200-and-outperformance-awaits-silver-says-ubs.html
https://www.mining.com/web/australian-gold-miner-red-5-to-acquire-silver-lake-resources/
"...
Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS..."
"...
“We are expecting gold to be pushed higher by a Fed easing. Also this comes with a weaker dollar” said the investment bank’s precious metals strategist Joni Teves, who expects the metal to hit $2,200 per ounce by the end of the year...."
Gold prices tend to have an inverse relationship with interest rates. As interest rates dip, gold becomes more appealing compared to alternative investments like bonds, which would yield weaker returns in a low interest rate environment.
In turn, lower rates weaken the dollar, making gold cheaper for international buyers, driving up demand...."
https://www.cnbc.com/2024/02/05/gold-prices-to-hit-2200-and-outperformance-awaits-silver-says-ubs.html
https://www.mining.com/web/australian-gold-miner-red-5-to-acquire-silver-lake-resources/