Gold was on a tear overnight 3rd December 2023 ripping to a new all-time intra-day high of 2135.
Gold prices are on course to hit fresh highs in 2024 and could remain above $2,000 levels, analysts predict. Geopolitical uncertainty, a likely weaker U.S. dollar and possible interest rate cuts are cited as the drivers.
Prices of the precious metal have risen for two consecutive months. Gold tends to perform well during periods of economic and geopolitical uncertainty due to its status as a reliable store of value.
Gold price 5 day 2023
Gold price 1 month 2023
Gold at $2500?
It has been estimated that gold prices could reach up to $2,200 by the end of 2024. Some have even suggested it could go as high as $2,500.
This was the highest level ever recorded since the gold price began to be tracked in 1970.