Will the Price of Gold Continue to Rise in 2024?
Our forecasts for the precious metals market have been spot-on. Gold reached new highs in 2024 and is already hitting our projected target of $2,300 per ounce by mid-year. What can we expect for the remainder of the year—and beyond? In the short term, experts anticipate that gold prices will hold steady. This stability is influenced by the Federal Reserve's decision to maintain higher interest rates over the next few months. Longer-term, the outlook remains bullish. A recent JPMorgan report suggests that gold prices will continue to rise quarter-over-quarter, potentially peaking in the latter half of 2025.
