“ Gold soars past $2,100 to new record 🇺🇸🌲 "... “The anticipated retreat in both the USD and interest rates across 2024 are key positive drivers for gold,” UOB’s Head of Markets Strategy, Global Economics and Markets Research,
Heng Koon How, told CNBC via email. He estimated that gold prices could reach up to $2,200 by the end of 2024.
Similarly, another analyst is bullish on bullion’s outlook.
“There is simply less leverage this time around vs 2011 in gold ... taking prices through $2,100 and putting $2,200/oz in view,” said Nicky Shiels, head of metals strategy at precious metals firm MKS PAMP...." https://www.sabre.gold/
https://www.cnbc.com/2023/12/04/gold-prices-set-for-new-highs-amid-economic-geopolitical-uncertainty.html