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Silver looks better than Gold in 2024 according to LBMA survey

Although the Federal Reserve is expected to maintain interest rates at restrictive levels through most of 2024, geopolitical uncertainty will continue to support gold prices in the next 12 months, according to sentiment during the London Bullion Market Association 2023 Global Precious Metals Conference. According to the LBMA’s annual end-of-conference survey, conference participants said they expect…

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Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hope

Gold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some hope for a new round of Chinese stimulus plans to boost the economy, while the geopolitical tensions between Israel and Palestine remain the focus. Meanwhile, the US Dollar Index (DXY), a measure…

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