GOLD

Gold

<div class="watcher-guru">
 <p>Gold prices dipped below the $2,000 mark on Monday after reaching a new high of $2,100 in December this month. The price of the precious metal is now trading around $1,987 as investors await the US CPI data. All eyes are now on the US inflation report and the FOMC meeting that could dictate the next moves of the market. The Consumer Price Index (CPI) data will be out on December 12, 2023, at 8:30 AM ET. Gold could react to the CPI report and trade in tandem with the market sentiments.</p>
 <p><strong>Also Read: BRICS: Analyst Predicts Biggest Economic Crash in US History</strong></p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="759" src="https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp" alt class="wp-image-121546" srcset="https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 1024w, https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 300w, https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 768w, https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 380w, https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 550w, https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 800w, https://cdn.thebittimes.com/images/2023/12/12/7866da8c83ec89e910e15d01d22c17a6.webp 1153w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Investing.com
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-gold-a-rebound-in-prices-to-2-100-level-in-q2-of-2024-is-on-the-cards">Gold: A Rebound in Prices To $2,100 Level In Q2 of 2024 is on The Cards</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp" alt="gold us dollar" class="wp-image-119592" srcset="https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 1024w, https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 300w, https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 768w, https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 380w, https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 550w, https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 800w, https://cdn.thebittimes.com/images/2023/12/12/0e5b34b1ad1eb75dda7fcc0eeb363c9b.webp 1063w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Watcher Guru
  </figcaption>
 </figure>
 <p>Leading <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> and commodity analysts at Capex predict that the price of the yellow metal could reclaim the $2,100 level in Q2 of 2024. The prices of <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> climbed 20% in Q3 and Q4 in 2023 and are now going through a correction. Institutional investors are indulging in profit bookings and the large sell-off is reflecting negatively on the charts.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p><strong>Also Read: BRICS: $2 Billion Copper Trade To Be Paid In Chinese Yuan, Not US Dollar</strong></p>
 <p>However, once the correction period and profit bookings come to a close, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> prices are forecasted to spike again. According to a recent price prediction, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> prices could reach $2,100 in Q2 of next year.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>In addition, senior Bloomberg commodity strategist Mike McGlone has predicted that <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> could rise 50% in 2024 next year. According to McGlone, <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> prices could steadily climb and reach a new all-time high of $3,000 by the end of 2024.</p>
 <p><strong>Also Read: BRICS: China’s Central Bank Dumping US Dollar in the Currency Market</strong></p>
 <p>Therefore, all indicators suggest that <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> could have the best year in 2024 defying all negative expectations and odds. If a recession hits the US markets next year, then <a rel="noopener noreferrer nofollow" title="GOLD" href="https://thebittimes.com/tag/gold.html">GOLD</a> will be the go-to investment for traders. The yellow metal is seen as a safe haven against market corrections and also acts like a hedge against inflation.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>GOLD</li>
  <li>Gold Prices</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/gold-prices-could-reclaim-2-100-levels-in-q2-of-2024-analyst-tbt73373.html">https://thebittimes.com/gold-prices-could-reclaim-2-100-levels-in-q2-of-2024-analyst-tbt73373.html</a></p>

Gold Prices Could Reclaim $2,100 Levels in Q2 of 2024: Analyst

Table of Contents

TheBitTimes

Other articles published on Dec 12, 2023

CFTC Boss Recognizes Many Crypto Tokens As Commodities

3 cryptocurrencies under $1 to buy for New Year’s

“A Great Sign for Bulls”: Santiment Reports Rise in USDT on Exchanges

Blockchain Partnership Pioneers Environmental Innovation, Sui and Fils Join Forces for Sustainabi...

FTX case unwinnable, says Sam Bankman-Fried’s lawyer

DeSME - A New Way of Bridging DeFi with MSME Businesses and Combat Crypto Volatility

Join our free newsletter for daily crypto updates!