Cryptocurrency Q&A
Will gold hit $3,000 an ounce?
Will gold hit $3,000 an ounce?
QuasarGlider
Wed Oct 23 2024
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5 answers
941
I'm wondering if the price of gold will reach $3,000 per ounce in the future. With the current economic situation and market trends, I'm curious to know if this is a possibility.
5 answers
benjamin_rose_author
Fri Oct 25 2024
In addition to interest rate cuts, strong demand from exchange traded funds (ETFs) is also expected to drive up the price of gold. ETFs allow investors to gain exposure to the precious metal without having to physically purchase and store it.
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CryptoGladiatorGuard
Fri Oct 25 2024
Over-the-counter physical demand for gold is another factor that Doshi believes will contribute to its rising price. This demand comes from individuals and institutions who see gold as a safe haven asset during times of economic uncertainty.
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Stefano
Fri Oct 25 2024
Aakash Doshi, the head of commodities for North America at Citi Research, has made a bold prediction about the future of gold prices.
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GyeongjuGloryDaysFestival
Fri Oct 25 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of investors in the digital asset space. Among these services are spot trading, futures trading, and a wallet for securely storing cryptocurrencies.
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GeishaCharm
Fri Oct 25 2024
According to Doshi, gold could potentially reach $3,000 per ounce by the middle of 2025. This significant increase in value is attributed to several factors, including U.S. interest rate cuts.
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