Some Rio Tinto stock forecasts integrate geopolitical risk variables, with Australian exports potentially gaining from shifts in global supply chains away from Russian commodities. This trend is also shaping up on the back of the Fed’s plans for a rate cut later in the year, as the gold prices usually have an inverse relationship with the market interest rate. As such, the rate cut that is expected to occur somewhere in September is also helping analysts forecast the precious metal’s price increase in 2024. The Pacesetter Playbook: An Executive’s Guide To Advancing Enterprise AI | Paid Program The latest Rio Tinto stock forecast points toward long-term sustainability plays, as the company invests in low-carbon aluminum projects attracting ESG-focused funds.