Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS Insights UBS predicts a bullish future for gold and silver in 2024, projecting gold to reach $2,200 per ounce by year-end, driven by anticipated U.S. Federal Reserve interest rate cuts. Joni Teves, UBS’s precious metals strategist, highlights a potential easing by the Fed and a consequent weaker dollar as key catalysts for gold’s rise. This expectation stems from gold’s inverse relationship with interest rates; lower interest rates diminish the attractiveness of yield-bearing investments like bonds, thereby enhancing gold’s appeal. Additionally, a softer dollar lowers gold’s price for international buyers, further boosting demand. This forecast sets the stage for significant gains in the precious metals market, with silver expected to dramatically outperform. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China's Decisive Rate Cut Move READ MORE Gold posts biggest one-day drop in over a year as geopolitical concerns ease READ MORE China’s gold markets under strain READ MORE Gold hits record highs on safe-haven demand, US rate cut bets READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment