Why Gold Could Trade at $2,400 Next Year

Analysts are offering bulling predictions of gold bullion prices hitting up to $2,400 per ounce next year thanks to a confluence of market, geopolitical and economic factors. Kedia Advisory director Ajay Kedia says that gold prices are experiencing significantly higher volatility but notes that the metal has provided strong returns in the past several months.

Kedia Advisory remains bullish on the precious metal and expects gold prices to reach around $2,240 per ounce if price volatility does not reduce and up to $2,400 in 2024 if the…

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