Why Gold Price Is Rising In 2024. Following finance minister nirmala sitharaman's announcement of a reduction in gold customs duty during budget 2024, customers have rushed to jewellery. Data for the first three months of 2024 has not been released as yet, but according to a report in reuters, gold demand is expected to be down 90 percent in.
In the xau/usd price forecast 2024, our analyst, eren sengezer, notes that gold carries its bullish potential into early 2024 on prospects of a looser fed policy, lower us bond. Gold prices are predicted to exceed $2,500/oz in 2024, with a potential upside of more than 20%.
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