UBS forecasts gold prices will hit $2,200 per ounce by the end of 2024 as the Fed is expected to start cutting interest rates. Lower rates make gold more appealing versus bonds and weaken the dollar, boosting international demand. Geopolitical risks and macro uncertainty are also increasing safe-haven demand for gold. Analysts predict that silver is set for a "dramatic" outperformance on expectations of stronger economic growth fueling industrial demand. Silver has significantly underperformed gold in recent years but may catch up as conditions improve.
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00:00 It's Benzinga and here's what's on the block. UBS forecasts gold prices will hit $2,200 per
00:06 ounce by the end of 2024 as the Fed is expected to start cutting interest rates. Lower rates make
00:12 gold more appealing versus bonds and weaken the dollar, boosting international demand.
00:16 Geopolitical risk and macro uncertainty are increasing safe haven demand for gold.
00:21 Analysts predict that silver is set for a dramatic outperformance on expectations
00:26 of stronger economic growth fueling industrial demand. Silver has significantly underperformed
00:31 gold in recent years but may catch up as conditions improve. For all things money visit Benzinga.com