Analysts of international rating agency Fitch Ratings increased their forecasts for world gold prices for the next three years. According to new estimates, it is stated that the price of the precious metal may rise to 1.9 thousand dollars per ounce in 2024. report. Previous estimates showed that growth would reach 1.8 thousand dollars.
According to Fitch’s forecasts, the cost of gold in 2025 will be 1.8 thousand dollars per ounce (previously 1.6 thousand dollars). The forecast for 2026 was increased from 1.5 thousand dollars per ounce to 1.6 thousand dollars.
Experts said, “The increase in gold forecasts for 2024-2026 reflects the increasing geopolitical risk premium due to the safe haven status of the metal.”
Additionally, Fitch increased its 2024 spot copper price forecast from 8.3 thousand dollars per ton to 8.4 thousand dollars. The cost estimate for nickel and aluminum for this year has been reduced to $17,000 and $2.3,000 per ton, respectively.
Gold prices last week Established New Record. Unexpected increase in precious metal prices shocked analysts.
Previously reportedHe said Russia had significantly reduced purchases of a valuable material in the last 10 years.