What will happen to gold in in Q3 and Q4 of 2024? Some analysts expect gold prices will reach $2500 in part due to the impending commercial real estate crash.
Coupled with Middle East instability and the nagging inflationary pressures that the economy can’t seem to shake, the possibility exists that the Fed will hold off on interest rate cuts and we’ll continue to flirt with record high gold prices for the next few quarters.
Gold and silver tend to rise when economic uncertainty is a possibility, so we expect that the volatility of gold will continue at least into the beginning of the next year.
With a looming presidential election also adding to the potential unknowns, gold may be poised to pass its previous high of $2426.
Watch the market – buy the dip!!