Gold prices expected to go much higher in 2024 year

The price of gold is expected to test levels from $2,060 to $2,090 per ounce, and on any correction if $2,035 holds, the prices may target $2,115 level in the current up-move, as per a report by Emkay Wealth Management.

The rise in US rates was the



factor that prevented any upside for gold or rather limited it for almost one year now despite high global inflation, the report said. The yellow metal has boomed from the lows seen in the last six months to levels above $2,000 per ounce, and currently it is perched at $2,050 level.