Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
Publishing timestamp: 2024-08-19 04:04:24
Summary
Gold prices have reached multiple highs this year and analysts expect more records to be broken as the next U.S. Federal Reserve meeting approaches. Factors such as uncertainty, geopolitical tensions, and the possibility of a Fed rate cut are driving the bullish sentiment towards gold, with some forecasting the metal to hit $3000 per ounce next year.
Sentiment: POSITIVE
Keywords: business news, gold / us dollar spot, commodity markets, iran, israel, united states, gold comex (apr'23),