Gold supported in 2024 by bets on monetary policy easing, Mid-East war risks: Reuters poll
© Reuters. FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
Respondents have slightly lowered forecasts since July, when a similar poll predicted gold to average $1,988 per ounce in 2024 and $1,944.5 in 2023. Gold, used to preserve wealth in times of economic and political uncertainty, rose over 7% in October as the Israel-Hamas war boosted safe-haven bets. The metal rose above the key psychological $2,000 level for the first time since May.
For silver the poll forecast median prices of $24.85 per ounce in 2024 and $23.20 in 2023, down slightly from the previous poll.
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