Analysts Predict Brighter Prospects For Gold Ahead in 2024 Gold prices are currently experiencing a slight decline, sitting at $2,041.7 per troy ounce, with a modest outlook for imminent price increases according to Macquarie analysts. Despite gold’s strong recent performance, driven largely by significant physical demand from China, the prospect for near-term price growth remains limited. This is attributed to the inverse relationship between gold prices and physical demand changes. Initially, expectations were set high for a March rate cut by the Federal Reserve, but with the Fed Funds futures now anticipating three to four 25 basis points cuts from June, the outlook appears more balanced. However, Macquarie analysts anticipate a more favorable macrofinancial environment later in the year, which could propel gold prices to new heights, suggesting that while immediate gains may be constrained, the potential for a rise in gold prices later in the year remains. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oxfam Report: Billionaire Fortunes Double Amidst Global Pandemic READ MORE UBS: Silver Poised to “Dramatically” Outperform Gold This Year READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE Remote Work Could Cost Boston $1 Billion in Taxes READ MORE World Gold Council: Central Bank Gold Statistics READ MORE Add a Comment Cancel replyYour email address will not be published.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