GOLD FORECAST 2024

According to some expert forecasts, 2024 could be a good year for gold and silver. The weakness of the world economy, the trend of inflation, wars and market trends could support a significant growth in the price of the two most requested metals. In silver there is talk of a continuous and growing demand in the electronics sector which could lead to it rising. This is data that is still in progress, just look at the persistence of the ongoing conflict between Russia and Ukraine and between Israel and Hamas, which could significantly change the price of the two metals in 2024.

The risk of war increases the risk of sanctions, continuing to disrupt commodity markets. Another determining factor in 2024 will be national elections, which will be held in as many as 40 countries including India, the United States, Russia and South Africa. Many factors that are pushing many experts to purchase and invest in gold in these first months of 2024.

An average price estimate for gold might look like this:

Low: 1,850/oz

Average: $2,000/oz

High: $2,250/oz

One thing is for sure, whatever the price of precious metals holds for us in 2024, it will be very interesting to see if it manages to surpass the record gold price of 2023!

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Gold forecast 2024

GOLD FORECAST 2024