Yes, there is a possibility that gold could reach $2,200 per ounce or higher in the near future. Several factors are supporting this potential move, including:
Economic uncertainty: The global economy is facing a number of headwinds, including rising inflation, interest rate hikes, and the war in Ukraine. These uncertainties are causing investors to seek out safe haven assets like gold.
Weakening US dollar: The US dollar has been weakening in recent months, which makes gold more attractive to investors who hold other currencies.
Central bank buying: Central banks around the world have been increasing their gold reserves in recent years. This is a sign of confidence in gold as a long-term store of value.
Of course, there are also some risks to the gold price outlook. If the global economy improves, the US dollar strengthens, or investors lose interest in gold, the price could fall. However, the overall outlook for gold is positive in the medium to long term.
Here are some specific forecasts for gold prices in 2024:
UBS: $2,200 per ounce
Société Générale: $2,200 per ounce
BCA Research: $2,200 per ounce
Please note that these are just forecasts and there is no guarantee that they will be accurate. The actual price of gold could be higher or lower than these forecasts.
Economic uncertainty: The global economy is facing a number of headwinds, including rising inflation, interest rate hikes, and the war in Ukraine. These uncertainties are causing investors to seek out safe haven assets like gold.
Weakening US dollar: The US dollar has been weakening in recent months, which makes gold more attractive to investors who hold other currencies.
Central bank buying: Central banks around the world have been increasing their gold reserves in recent years. This is a sign of confidence in gold as a long-term store of value.
Of course, there are also some risks to the gold price outlook. If the global economy improves, the US dollar strengthens, or investors lose interest in gold, the price could fall. However, the overall outlook for gold is positive in the medium to long term.
Here are some specific forecasts for gold prices in 2024:
UBS: $2,200 per ounce
Société Générale: $2,200 per ounce
BCA Research: $2,200 per ounce
Please note that these are just forecasts and there is no guarantee that they will be accurate. The actual price of gold could be higher or lower than these forecasts.
Comment:
Watch all those swings i have made in the past,
it's all an integrated series not a randomly generated swing point
thats why it's connected to the future.
math is literally the language of the universe :)
it's all an integrated series not a randomly generated swing point
thats why it's connected to the future.
math is literally the language of the universe :)
So learn math.. instead of learninf ICT/SMC :D