Capitalight’s $2,400 gold target for 2024 not ‘overly bullish’ as financial risk, geopolitical uncertainty loom

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Capitalight’s $2,400 gold target for 2024 not ‘overly bullish’ as financial risk, geopolitical uncertainty loom

Cryptocurrency traders are feeling vindicated for their staunch support of the asset class as Bitcoin hit its highest price in two years on Wednesday, pushing its market cap back above $1 trillion. - The commodities market stands at the threshold of a significant shift, reminiscent of the transformative period witnessed in 2016.

- Love is in the air, and that is helping to drive physical gold demand as North American consumers are expected to spend a record $6.4 billion on jewelry for Valentine's Day, according to research from the National Retail Federation.Revolutionizing infrastructure: Steven Waterhouse on DePIN, AI, and the future of crypto

- The gold market continues to struggle as hotter-than-expected inflation causes investors to push back their expectations for a rate cut; however, one fund manager said his bullish outlook for gold remains in place through 2024.‘One of the few things that has bipartisan support’ - American Rare Earths CEO on metal advantages

Source: Financial Digest (financialdigest.net)

 

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