Gold has indeed been an interesting topic lately. Let’s delve into the price projections for this precious metal:

2024 Forecast:
J.P. Morgan Research predicts that gold prices will continue to be influenced by Fed rate cuts and geopolitical tensions. The expected range for gold by the end of 2024 is between $2,100 and $2,300 per ounce. This reflects both economic uncertainties and the enduring appeal of gold as an investment.
Kitco, another reputable source, suggests a similar range, estimating gold prices to be between $2,100 and $2,300 per ounce by the end of 2024.
Additionally, based on chart readings, gold is expected to fluctuate between $2,000 and $2,200 throughout 2024, assuming supply and demand remain relatively stable.
Longer-Term Outlook:
Looking beyond 2024, J.P. Morgan anticipates a forecasted peak of $2,300/oz in 2025. The gradual increase in gold prices seems plausible due to anticipated Fed rate cuts and ongoing geopolitical uncertainties.
While the short-term technical analysis points to a potential target of a couple of hundred dollars higher, the longer-term view suggests levels around $2,700 to $2,800 over the next year or two.
In summary, gold appears to be in a favorable position from both a technical standpoint and as a safe-haven asset. Keep an eye on the market dynamics, and remember that unforeseen events can always impact gold prices in the long term.

Where is the else where ?

Investing in gold ETF can give higher return ?

All fiat currencies including USD have ZIRO value as they are created from nothing and as such they have ZIRO value !!! 😁😁😁

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https://www.youtube.com/watch?v=ZJoS4NFLng4

New York Fed President John Williams recently expressed his expectation of an interest rate cut later this year, emphasizing the easing inflation and robust economy, noting that the current economic conditions do not necessitate a rate hike.

Gold rose to over $2,080 per ounce on Friday, marking an all-time high and heading for its second consecutive weekly gain, fueled by the weakening of the dollar and lower Treasury yields, amid softening US economic data.

Even salted fish can come back to life again ?

With gold prices pushing to within striking distance of $2,100 an ounce, seeing a new record settlement Friday, the market is setting itself up for a major week ahead, one filled with significant macroeconomic risks.

a tikus player ?

Hidup Bursa ! 😍

Bursa in prolonged bull market ... saya percaya !!! 😁😃😄

Mani countries weaken their currencies in order to boost economic growth and their stock mkts ? Korrect ma ?

Globally, weak currencies = strong stock mkts ? like in Japan, Turkey, Argentina, etc, etc.

Retain HOLD and GGM-TP of RM6.00, based on 0.79x FY24 P/B with assumptions of 9.3% ROE, 10.9% COE, and 3% LTG.

Bull run now ? 🥰

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The main stock market index in Malaysia (FKLCI) increased 101 points or 6.96% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Malaysia.

Cocoa prices continued to rally, surpassing $6,800 per tonne, a new historic high, largely driven by concerns over shortages.

Cocoa prices continued to rally, surpassing $6,800 per tonne, a new historic high, largely driven by concerns over shortages.

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weak currency = strong market ?

We also must have clarity about cash or fiat currencies which ALWAYS go down to ZIRO value on a long term basis !!! 😁😁😁

Agreed, thanks.

(Feb 26): Foreign buying of Malaysian equities more than doubled to RM786.1 million last week from RM352.9 million the prior week.

In its fund flow report on Monday, MIDF Research said that similar to the previous week, foreign investors net bought every day.

It said the net buying streak has gone on for 16 consecutive trading days, something not seen since February 2022.

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Thanks.

KLCI bottom is 1369 pts on 8/6/2023. Mani players oredi got misssed the boat$$$ ?

Central bank demand should help support gold prices push back to record highs of around $2,200 by the end of the year.

[Emerging market] central banks could purchase over 600 tonnes of gold annually until 2030, to take its share in their foreign reserves to 10%.

The Australian bank expects central bank demand to remain a dominant factor in the gold market for at least the next six years.

In the last two years central bank gold purchases as its share in global demand has tripled, representing between 25% and 30%.

Central banks have been solid gold buyers for more than a decade; however, their appetite has become insatiable in the last two years as global reserves have risen by more than 1,000 tonnes in both 2022 and 2023.

Central banks are turning to gold as they lose faith in bonds - ANZ

Shall we also turn to gold as like central banks ?

Gold has survived as moni since human civilisation began on poor earth until now ?

Peg to gold, then our MYR can never go down ? Always go up n up onli ? 😁😄😅😊

Buy gold for the country n for all Malaysians ?

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For in the space of 3 months between January and March 2023, Singapore’s central bank has quietly bought an incredible 68.7 tonnes of gold, making Singapore the world’s leading sovereign gold buyer for the first quarter of 2023, even ahead of China.

Singapore's central bank ... ultra smart, buy and keep gold as reserve instead of the worthless , fiat currencies.

To support our falling MYR, all Malaysians must buy gold now ?

I mean fiat currencies, please.

On a long term basis : all currencies including USD = always depreciate to 0 value as they are printed from NOTHING. gold = always on uptrend with no upper max. limit, continuing hitting all-time high non-stop forever ! 😍🥰🤩

Be gridi when others are fearful for today ?

Amid calls for the overnight policy rate (OPR) to be raised, the Prime Minister believes that increasing it to strengthen the ringgit’s value will not help the people, says Fahmi Fadzil.
Back the MYR with gold ? 😄😄😁

A technical recession in the United Kingdom is helping to drive physical bullion demand as consumers look to protect their wealth, according to the latest comments from the British Royal Mint.

Citi sees potential for gold to hit $3,000, but that’s not the base case.

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Super bull 2024 ... coming ? 😍😍😍

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