Analyst Who Correctly Predicted Gold’s Price Gives New Target for 2024
Gold prices are finding resistance at the $2,040 level and are currently consolidating in the charts. The precious metal delivered decent returns last year in 2023 after it spiked 12% YoY. The price rise occurred after the US dollar briefly declined globally due to inflation and soaring crude oil prices. The US Treasury yields did not come out as expected and the sell-off benefitted Gold Prices immensely. Also Read: BRICS: India Gets Reality Check, Ditching US Dollar Becomes Impossible Source: Yahoo Finance Gold Price Target For 2024 Source: goldavenue.com The SPDR Gold Shares (GLD) currently stands at 189 points and remained in the green this year in 2024 for three consecutive days. Financial and commodities analyst Bruce Kamich correctly predicted last year that SPDR GOLD (GLD) prices will end in 2023 above the $180 level. The analyst has now set a new target for SPDR Gold Prices in 2024. Also Read: BRICS: ‘Joint Currency’ Could Be Launched To Challenge US Dollar The...