Gold prices could keep climbing — but analysts expect silver to steal the show before long
Publishing timestamp: 2024-03-11 04:00:49
Summary
Precious metal prices, particularly gold and silver, have been rising due to expectations of U.S. interest rate cuts. Analysts believe silver may outperform gold in the second half of the year. Gold prices could reach $2300 or drop to $2100 depending on U.S. jobs and inflation data. Silver is expected to perform well if global growth picks up. Silver demand is expected to reach its second-highest level on record by 2024.
Sentiment: POSITIVE
Keywords: metal commodities, united states, jerome powell, gold / us dollar spot, world markets, business news,