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Old prices have held above the key $2,000 level since December. Economists at ING analyze the yellow metal’s outlook.
Gold still shines on safe-haven demand
The persistent geopolitical uncertainties in Ukraine and the Middle East are sustaining the buoyancy of Gold.
Reaching an unprecedented peak at $2,077.49 on December 27, 2023, there’s a prevailing sentiment that the Federal Reserve’s cautious stance will act as a mitigating factor on the upward momentum.
Our projections indicate an average of $2,025 for Gold prices during the first quarter.
