Gold price forecast 2024 spot gold has traded firmly above its

Spot gold has traded firmly above its 200-day moving average, reinforcing technical support. Many analysts in the gold price forecast 2024 see potential retests of $2,250 levels in Q In addition to risks like geopolitical uncertainty, maybe the most straightforward explanation is that inflation has remained sticky, and investors see both stocks and gold as a more stable store of value. To better position themselves for success, then, both existing investors and those just getting started in the precious metal market will be understandably interested in the gold price forecast for August. But what could happen to gold prices this month? Below, we'll take a closer look at what investors can expect (and what they should do in the interim). Technical charts show a golden cross pattern forming, adding weight to an optimistic gold price forecast