10/23/2023
Gold Likely To Shine During Year-End As US May Slip Into Recession
Gold prices will likely rise towards the year-end as the US may slip into a recession and the US, possibly, ending hike interest rates and cutting them, experts say.
“Looking ahead towards the end of the year and into 2024, investor flows into gold and thus prices will increase again as the US slips into a shallow recession in H124 and the US Fed ends its hiking cycle with possible interest rate cuts in 2024,” said research agency BMI, a unit of Fitch Solutions.
“Despite a stagnant phase in gold prices due to economic challenges in the US, there’s optimism that gold demand will surge,” said Colin Shah, Managing Director, K**a Jewelry Pvt Ltd.
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Gold prices will likely rise towards the year-end as the US may slip into a recession and the US, possibly, ending hike interest rates and cutting them, experts say. “Looking ahead towards the end of the year and into 2024, investor flows into gold and thus prices will increase again as the US sli...
