Where Are Gold Prices Going In 2024. In the third quarter of this year, central banks collectively bought 337 tonnes of gold; Given economic conditions and political tensions, most experts agree that gold prices are going to rise in 2024, as more and more consumers seek out a safe spot to store their wealth.
Gold prices have surged recently, and the world gold council’s 2024 outlook suggests that economic conditions will continue supporting the precious metal’s price in the months ahead. Gold prices are expected to average $1,900 per troy ounce in 2024โ6 percent higher than in 2023, before retreating in 2025 as inflation and recession fears fade.
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