Gold price forecast 2024 liquidity trends show a steady

Liquidity trends show a steady migration from equities to commodities as defensive allocation rises. This rotation supports a bullish gold price forecast 2024 among capital market strategists. For now, the struggling bitcoin price has divided analysts who are increasingly fearful the latest bull market could have already come to an end. Analysts point to global economic uncertainty, a weakening U.S. dollar and the potential for inflation for their bullishness. They also note that higher gold prices may get support from China’s stimulus — allowing insurance funds to invest in gold — and continued buying by retail investors and central banks. Gold price forecast 2024 also factors in currency market volatility, with a weaker USD often enhancing dollar-denominated asset appeal.