Gold price forecast 2024 market strategists highlight that gold

Market strategists highlight that gold price forecast 2024 is bolstered by a softening U.S. dollar index and growing ETF inflows. Traders are eyeing a key breakout point near $2,200 before testing all-time highs. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info In 2024, global central banks added enough gold to push the precious metal past the U.S. dollar as the second-leading reserve asset held. Bank of America, which notified investors in early July that gold may surpass $4,000, says a survey of global monetary authorities shows that 95% of them expect central banks to continue building gold reserves. Gold mining production is anticipated to plateau in 2024, tightening supply and reinforcing a bullish gold price forecast 2024 outlook in physical markets.