Goldman Sachs Analysts Said in a Note Sunday That Gold’s “Shine Is Returning”

Goldman Sachs analysts predict a brighter future for gold in 2024, linking potential price increases to U.S. real rates and dollar trends. They anticipate sustained consumer demand from China and India, along with central bank purchases, to counter any downward pressure. Similarly, Bank of America’s commodities team expects gold prices to rise from the second quarter of 2024, driven by lower real rates due to Federal Reserve rate cuts.