Gold Price Forecast: XAU/USD to reach $2,200 by March 2024 on a weakening Dollar – UBS Gold CentralBanks Currencies XAUUSD Banks
Economists at UBS forecast further US Dollar weakness – which could lift Gold to $2,200 by March 2024.“With the Fed opening the door to pausing rate hikes, while other central banks-including the ECB-continue tightening, we expect the US Dollar to weaken further this year as the US interest rate and growth premium erodes. The Fed is likely to cut“We maintain a preference for the Australian Dollar and Japanese Yen, and we see relative value in the Euro, Swiss Franc, and British Pound.
“A weakening Dollar should also support Gold, and we forecast the yellow metal’s price rising to $2,200 by March 2024.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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