World gold prices today continued to increase with spot gold increasing by 11.9 USD to 2,035.8 USD/ounce. Gold futures last traded at 2,050.9 USD/ounce, up 11.3 USD compared to yesterday morning.
The Federal Reserve's signal that interest rates will fall in 2024 has created some good momentum in the gold market, and that should lead to record high prices in the new year, according to one market strategist. .
In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors said that although gold prices have recently peaked, there is still plenty of room in the market to push prices higher. again.
“As gold finds momentum, there is no telling how high the price can go,” he said. There is a very good chance we will hit an all-time high next year.”