Gold Price Jump

Gold Price Jump

As I’m writing this post, the futures price for gold has jumped up over $42 per ounce just today!

Gold Price Jump - Uganda gold

 

Yes, that’s the good news for gold investors, but the bad news for the rest of us is it would seem this is reflecting the fact that we’ve never been closer the World War III then we are today! (more…)

Gold Price Forecast 2024

Gold Price Forecast 2024

The outlook for the price of gold in 2024 is generally positive, with many analysts predicting an increase.

Gold Price Forecast 2024 - Uganda gold

 Here’s a breakdown of some predictions:

  • Increase: Most experts expect gold prices to rise in 2024, potentially exceeding the historical high of $2,073 set in May 2024. Some even predict it could reach $2,300 or higher.
  • Factors influencing the rise: Lower interest rates, a weaker US dollar, and central banks buying gold are seen as factors that could contribute to the increase.
  • Uncertainty: It’s important to remember that gold prices can fluctuate significantly, and these are just predictions. Economic factors and global events can cause unexpected changes.
  • Today: As I write this, the AM spot gold price is: $2,165.10, a new HIGH!

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Lackluster performance of gold price

Lackluster performance of gold price

With all the chaos in the world today you would expect the spot gold price to be way up. Considering that some people believe we’re the closest we’ve ever been to World War III, personally I would think we would be experiencing $3,000 Plus on the spot gold price!

Lackluster performance of gold price - Gold Gold Bars - Standard Restoration Act,

But, what do I know I’m just an Arizona weekend gold prospector?

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