Category: Gold News, News

Gold, silver prices expected to rise in 2024, UBS analyst projects

Analysts forecast that the price of gold and silver will […]

Analysts forecast that the price of gold and silver will rise if the Federal Reserve cuts interest rates this year, according to a report from CNBC Sunday.

Joni Teves, precious metals strategist with investment banking company UBS, told CNBC that she expects gold prices to hit $2,200 per ounce by the end of the year.

“We are expecting gold to be pushed higher by a Fed easing. Also this comes with a weaker dollar,” Teves said.

In January, the Federal Reserve held short-term interest rates at a 23-year high of 5.25% to 5.5% and poured cold water on the expectation of cuts in March.


Source link

Share this article

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Leave A Comment

Follow us

Come to my page!

Latest articles