Plenty of value in gold as WisdomTree forecasts $2,285 by Q1 2024 WisdomTree gold
- Shifting interest rate expectations is creating renewed volatility in the gold market as prices struggle to push back to $2,000 an ounce; however, according to one market strategist, this volatility is creating a buying opportunity for investors looking for value in the precious metals market.
"Gold prices are elevated compared to last year, but it still looks cheap compared to where we see it going," he said."There is still plenty of value at current prices." Shah said that although interest rates can continue to increase, gold investors have less to fear as every new rate hike pushes the global economy close to a recession. He added that while the economy has been reasonably resilient, the threat of a recession has not entirely disappeared.
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