Gold prices to breach all-time highs? Some expect bullion to hit $2,500
Publishing timestamp: 2023-08-10 19:56:40
Summary
Analysts predict that gold prices will continue to rise and potentially surpass the record high of $2072.5. Factors such as tapering interest rates, recessionary fears, and a potential shift in Federal Reserve policy are expected to contribute to the rally. Various experts and companies, including TD Securities, Livermore Partners, and Wheaton Precious Metals, have optimistic outlooks for gold prices in the coming years. Additionally, there is an increase in physical demand for gold and central banks are continuing to purchase the precious metal.
Sentiment: POSITIVE
Tickers: XAU=, CTRN, WPM-CA, @GC.1,
Keywords: wheaton precious metals corp, inflation, china, gold / us dollar spot, india, central banking, gold comex (apr'23), interest rates, prices, citi trends inc, united states, business news,
Source: https://www.cnbc.com/2023/08/11/gold-prices-to-breach-all-time-highs-with-some-calling-for-2500.html