Why gold is expected to keep hitting fresh record highs | The Business [Video]

The price of gold is surging into ‘uncharted territory’ as uncertainty and volatility reign on global markets. Australia’s fifth most valuable export has been hitting new highs, surpassing $US2,200 an ounce in March 2024. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-03-27/auction-houses-sell-aboriginal-art-no-royalties/103542626

As the gold price has continued to climb, analysts have been scrambling to update their forecasts.

Speculation about when central banks, including the US Federal Reserve, will start cutting interest rates has driven much of the recent price growth, and with ongoing global instability with conflicts in Ukraine and the Middle East, demand for the precious metal is tipped to increase.

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