Gold Prices Expected to Increase to $2917 an Ounce

  • International
  • 17 October 2024
1

Delegates of the annual meeting of the London Bullion Market Association expect gold prices to rise to levels of $2917 an ounce by October next year, up 10% above current levels.

Gold prices last month reached record highs of $2,685 an ounce.

Goldman Sachs recently raised its price forecast to $2,900 from $2,700 an ounce in early 2025. Investment in safe-haven gold increases during low interest rates and during economic and geopolitical turmoil.

 

Source (Al-Arabiya Net Website, Edited)

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