Market Analysts Forecast Gold to $2,600

Florian Grummes from Midas Touch Consulting believes gold’s price could reach $2,535 per ounce by summer 2024. This forecast follows gold ending a 13-year correction, with its price previously fluctuating between $1,900 and $2,075 an ounce. Despite potential short-term pullbacks, Grummes views any dips as buying opportunities, attributing the rally to strong demand from Chinese investors and central bank purchases, alongside a favorable macroeconomic environment for gold.

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