Gold has actually been on a roller-coaster trip in H2 2023, dropping in September before rising to a record previously this month. Financial Experts at MUFG Bank examine the yellow metal’s outlook for 2024.
Priced for excellence
Greater rates are normally unfavorable for noninterest bearing possessions, and therefore the beginning point of rate cuts matters for Gold’s outlook.
Gold– our most structural bullish require 2024– is set to strike record levels on a trifecta of Fed cuts, encouraging reserve bank need and bullion’s function as the geopolitical hedge of last hope.
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