The price per ounce of gold will be between 2070-2150 dollars in the base scenario and 2250-2350 dollars in the optimistic scenario by the end of 2024. This forecast was given by Finam analysts, the company’s message was received by socialbites.ca editors.
“Gold may show positive dynamics in conditions of increasing geopolitical and economic risk. In this context, gold miners’ stocks are interesting. Despite the sanctions, Russian companies retained the opportunity to sell gold within the Russian Federation and through friendly countries. The message states that they benefit not only from rising prices of precious metal, but also from the depreciation of the ruble.
Finance expert and candidate of economic sciences Vladimir Grigoriev noted that the dollar, euro and gold will become the most reliable investment options for Russians in 2024.
rich Russians continued It will actively purchase gold bullion in 2023, despite the fact that the price of the precious metal per ounce has increased by 9.8% since the beginning of the year to $2003.9. According to experts, the demand is supported by a number of factors: the abolition of VAT on purchases by individuals, the exemption of income from the resale of bullion bars from personal income tax and the possibility of paying for purchases in foreign currency.
Dmitry Evteev, formerly specialist of the financial market development department of the Main Directorate of the Central Federal District of the Bank of Russia named “socialbites.ca” four types of gold investments.