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Market news: Iran and Egypt have reached an agreement to restore full diplomatic relations and reopen their embassies in each others capitals.On February 20th, the All-China Federation of Industry and Commerce (ACFIC) and the China Enterprise Confederation (CEC) jointly issued the "Labor Management System for Private Enterprises (Reference Text)," aiming to further guide private enterprises in establishing and improving a modern enterprise system with Chinese characteristics, enhancing their labor management capabilities, and actively building harmonious labor relations. The system comprises twelve chapters, covering the main aspects of the entire labor management process, including general principles, recruitment and hiring, labor contracts, labor dispatch, rest and leave, and wages and benefits. It aims to provide private enterprises, especially small and medium-sized enterprises (SMEs), with a comprehensive, standardized, and referable framework for labor management. Next, the ACFIC and CEC will conduct in-depth publicity, interpretation, and training activities to promote the improvement of private enterprise governance capabilities and build harmonious labor relations.Indonesian Minister: The trade agreement between Indonesia and the United States will not involve any third-party countries.Goldman Sachs: If measured by call option structures, further diversification of the private sector would pose a significant upside risk to gold price forecasts.Goldman Sachs: Overall, central bank gold purchases and increased gold exposure by private investors in anticipation of Fed rate cuts will drive gold prices to slowly climb to $5,400 per ounce by the end of 2026.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers. 


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.

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