Gold prices rose again during Thursday’s trading, slightly, after the largest daily decline since the fourteenth of October, as high US Treasury bond yields affected prices, and investors sold near record high levels.
The spot gold price rose by 0.37%, or $10.89, to $2,728.4 per ounce, and futures contracts for the yellow metal for December delivery rose by 0.41%, or $11.3, to $2,740.6 at 8:50 a.m. Mecca time.
Sugandha Sachdeva, founder of the Indian research company SS Wealth Street, expected the price of the yellow metal to rise to the level of $2,800 this year, and $3,000 later next year, thanks to ongoing geopolitical risks, the monetary easing cycle in the United States, and purchases from… Before central banks.
A cycle of rate cuts, stimulus measures in China and increased demand from renewable industries will push silver prices to $45 per ounce in 2025.
The spot price of silver rose by 0.64% to $33.94 per ounce, and platinum rose by 1.11% to $1,028.68.
Last updated: October 24, 2024 – 12:41
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