Gold Price Forecast: XAU/USD will trend higher as 2024 unfolds – TDS
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Silver Continues to Rally
Silver price AUD $ 34.09 spot per ounce
Silver bounced a bit from a major support region during the trading session on Tuesday
Bank of America sees Silver potential in 2024
As investors continue to be cautious of pivotal interest rate decisions from the global central banks, notably the U.S. Federal Reserve (Fed), gold prices have demonstrated minimal change on Tuesday. As of 01:54 GMT, spot gold price recorded a modest loss of 0.1 percent, reaching $2,019.89 per ounce. Similarly, U.S. gold futures declined by 0.1…
Gold prices are continuing to hold above $2,000 per ounce in the new year, and the precious metal will benefit from additional rate cuts in 2024, along with the return of investment demand, according to commodities analysts at JPMorgan.
While the investment bank still maintains that “the only structural bullish call we hold is for…