Gold finishes 2024 up 27% trading at US$2,630/oz, having touched an all-time high in nominal terms at the end of October at US$2,787/oz, with silver up 25% to US$30/oz. The Federal Reserve is likely to continue to cut interest rates in 2025, which should provide support for precious metal prices, although at a slower pace than previously envisaged. Further support is likely due to the heightened geopolitical tensions in Ukraine and across the Middle East. Accordingly, we have increased our forec ....
