Gold Price Predictions 2024: How Much Higher Will the Yellow Metal Go?

Gold has gained significant attention over the past year as prices have surged to near all-time highs at the time of writing. Indeed, Costco (NASDAQ: COST ) even entered the market, selling gold bars online. Having surpassed $2,000 per ounce in November, gold prices are anticipated to rise in 2024, supported by robust safe-haven buying amid geopolitical concerns and a modestly weakened U.S. dollar, according to analysts. However, some experts suggest gold could stabilize in the coming year. The World Bank Commodity Outlook noted an escalation of the Middle East conflict may lead to significantly higher prices, driven by heightened…