11-30-2023, 05:00 AM
This move in gold is largely in anticipation of the Fed being done with rate hikes and possibly cutting rates in 2024. If they actually do cut rates next year (I don't think they will - I think the markets are just Jonesing for the next hit of Fed crack), gold will really take off.
I saw a few days ago where Goldman Sachs put out a forecast for gold to hit $2,050 by end of 2024. Lol. It's going to start the year higher than that.
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