26 August 2024
Gold’s rally above $2,500 appears poised to continue as the Federal Reserve signals upcoming rate cuts. Lower yields, a weaker dollar, and renewed interest from Western investors through ETF inflows are expected to support higher gold prices. The metal has already seen impressive gains in 2024, with some analysts projecting it could reach $3,000 by mid-2025. However, high prices may dampen demand in key Asian markets.