Inflation remains a problem and Fed officials think interest rates could go even higher in the near term, according to the minutes of the central bank’s most recent policy meeting. Still, it’s widely believed that 2024 will bring with it the anticipated “pivot” that starts pushing rates back down.
The prospect of a shift back to accommodative monetary policy recently prompted global banking giant J.P. Morgan to project a possible gold surge next year. Now, more analysts are chiming in with their optimistic gold forecasts as expectations grow that we’ll see a very different interest-rate environment in 2024.
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