Survey results predict that world "gold prices" will surge in 2567 as the Israeli war pushes them above 2,000 dollars/ounce.
Survey results predict that global "gold prices" will surge in 2567, driven by expectations that central banks around the world will begin easing monetary policy. and tensions in the Middle East that have driven gold prices above $2,000 an ounce.
On November 2, 2566, the Yahoo Finance website reported that A Reuters survey showed that global gold prices are likely to rise in 2567 from their 2566 average levels, driven by expectations that central banks around the world will begin easing monetary policy. and tensions in the Middle East that have driven gold prices above $2,000 an ounce.
Reuters news agency A survey of 30 analysts and traders was conducted in October. It was found that the median value of the gold price forecast in 2567 was at 1,986.5 dollars per ounce. This is up from this year's forecast level of $1,925 per ounce.
James More, an analyst at Fast Markets, said: “Rising tensions in the Middle East will continue to support gold prices in the short term. Although we do not expect gold prices to move above $2,000 per ounce for a long time, Until central banks in the West In particular, the US Federal Reserve (Fed) will use monetary easing policy.”
While most economists predict that The Fed may cut interest rates in mid-2567, but a recent survey suggests that only 55% of analysts expect the Fed to cut interest rates in that time frame. This compares to over 70% in last month's survey.
The price of gold, which is an asset that investors like to buy to reduce risk during times of economic and political uncertainty. Rising more than 7% in October as the war between Israel and Hamas spurred buying of safe-haven assets. As a result, the price of gold on the COMEX market rose above the psychological level of $2,000/ounce for the first time since May.
refer : finance.yahoo.com
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