Gold prices to breach all-time highs? Some expect bullion to hit
The Fed began steadily raising interest rates in March 2022 as inflation soared to its highest level in 40 years. In less than two years, the cost of borrowing he rose from 5.25% to 5.5%.
Gold has outperformed most other major asset classes over the past 12 months, Melek said in a recent report, citing the yellow metal's resilience to rising interest rates and its value as a safe haven against inflation. .
fear of recession
Some analysts are particularly bullish on gold, calling for a target of $2,500 by the end of next year, 26% above current levels.
“My goal is $2,500 by the end of 2024 … a lot of it has to do with the fact that the recession could start as early as the end of the year,” said David Neuhauser, founder of Livermore Partners. there is," he said. And he expects that trend to accelerate by 2024. ” “We expect gold to break out, hit new highs and beyond in 2024.”
Neuhauser said he expects global inflation to remain sluggish over the next few years, falling to between 3% and 5%.
XAUUSD
SELL 1931- 1933💯💯
✅ TP1: 1925
✅ TP2: 1920
🛑 SL: 1938
Gold has outperformed most other major asset classes over the past 12 months, Melek said in a recent report, citing the yellow metal's resilience to rising interest rates and its value as a safe haven against inflation. .
fear of recession
Some analysts are particularly bullish on gold, calling for a target of $2,500 by the end of next year, 26% above current levels.
“My goal is $2,500 by the end of 2024 … a lot of it has to do with the fact that the recession could start as early as the end of the year,” said David Neuhauser, founder of Livermore Partners. there is," he said. And he expects that trend to accelerate by 2024. ” “We expect gold to break out, hit new highs and beyond in 2024.”
Neuhauser said he expects global inflation to remain sluggish over the next few years, falling to between 3% and 5%.
XAUUSD
SELL 1931- 1933💯💯 ✅ TP1: 1925
✅ TP2: 1920
🛑 SL: 1938
Comment:
+25 Pips , Move SL to Entry ✅✅✅
Comment:
+40 Pips ✅✅✅
✅ TP1: 1916
✅ TP2: 1920
🛑 SL: 1907