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Credit Agricole revises gold forecast, sees gold hitting $2050 by Q1 2024 on 3 factors

Credit Agricole revises gold forecast, sees gold hitting $2050 by Q1 2024 on 3 factors
In a fresh analysis of market trends, Credit Agricole has made an upward revision to its gold price forecast for 2024. They now expect gold to peak at $2050 by Q1 2024 and then ease back to $2000 by the end of Q2 2024. The bank continues to hold its previous target of $2000 for the precious metal by the end of 2023.Several factors are believed to be driving the revised outlook. Firstly, the ongoing US debt-ceiling debacle has prompted investors to flock to gold, viewing it as a safe haven... Read More
Posted: May 30 2023, 19:30
Author Name: forexlive
Views: 102488

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