Gold Price: Wells Fargo is Latest to Forecast $2200 in 2024
Amid recent volatility, the gold price has most certainly seen an upswing, leading Wells Fargo to join a long list of financial institutions predicting a $2200 price point for the asset in 2024. As Federal Reserve interest rate cuts are expected in the coming year, the metal should perform positively. Following its ascension to a new all-time high earlier this month, the asset saw a price correction deploy. However, even hints toward those rate cuts have seen the value increase. Today, the asset briefly surpassed the $2093 mark before retreating to its current price of $2077. Also Read: Gold Price Predicted to Stay Above $2000 Throughout 2024 Wells Fargo Expects Big Things From Gold in 2024 Over the past few months, gold has certainly unveiled itself as one of the best-performing investment assets. Indeed, in December it reached a new all-time high, holding above $2150 for the first time since 2020. Subsequently, many have predicted similar behavior in the coming year. N...