Gold Price Outlook: “Gold spot is likely to come under pressure yet onceagain, as the expectations of interest rate cuts in the secondhalf of the year should be disappointing. But since the ratecuts are probably only postponed, the price decline should be limited.”
“Towards the end of the year and nextyear, the Gold (XAU/USD) price is likely to rise again.”
“For the end of the year, we foresee gold price of $2,078, a further rise to $2,130 by the August 2024 of next year.”
