Major players see global prices bottoming out and poised to rise
Major gold traders believe the global gold price has bottomed out and forecast that prices could retest the previous record high next year.
Major gold traders are seeing the global gold price bottom out and expecting it to rise again, potentially testing the previous record high next year. Analysts forecast prices to range between $58.4 and $55.4 per ounce, marking a significant increase from previous levels. The anticipated rise is due to the current bottoming out of the market, signaling a potential rebound.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
