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In 2024, gold price forecasts from 62 industry experts vary widely, reflecting divergent opinions on market trends. Projections range from conservative estimates around $1,600 to bullish forecasts exceeding $5,000 per ounce. Factors such as monetary policy shifts, geopolitical tensions, and inflation concerns are expected to influence gold prices. Long-term predictions extend the analysis, with estimates ranging from $2,000 to $15,000 per ounce over the next few years. Despite the disparity in forecasts, the consensus suggests a volatile market shaped by global economic conditions and geopolitical dynamics. Investors are advised to closely monitor key indicators for informed decision-making.
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