Gold Price Drop Prediction 2024. Central banks may buy less gold in 2024 compared to 2023, when they had bought 1,037 tonnes of gold, according to a world gold council report. Goldman sachs research forecasts the price will reach $2,700 by early next year, buoyed by interest rate cuts by the federal reserve and gold purchases by emerging market central banks.

The gold price is influenced by factors like demand for electronics and jewellery, inflation rates, central banks, and geopolitical factors. Fed uncertainty and geopolitics keep prices rangebound tue, 08 oct 2024 11:37:38 gmt oil prices eye $100 a barrel as war risk premium returns tue, 08 oct 2024 11:11:10 gmt