10 Reasons Why Gold Will Hit $2,500 by the End of 2024

ALL THAT GLITTERS IS THE YELLOW METAL

-  MIKE FULJENZ

During my meeting with American publishing executive and financial guru Steve Forbes in October 2023, he told me that gold could rise to $2,500 in 2024 “and even higher [depending on who wins] the election.” I already believed gold was on its way to setting new record prices, so we shared our reasoning with one another. At the time, gold was trading at around $1,973 per ounce and now we are already halfway to $2,500 per ounce, with prices hitting $2,278 in early April.

After reviewing all of the factors in play, here are 10 reasons why gold will complete the second half of this leap to $2,500 per ounce, or higher, depending on who wins the election.

#1: The Fed may cut interest rates earlier than expected and by more than expected. Right now, most market pundits think the Federal Reserve will wait to make their first 0.25% cut in the Fed Funds interest rate and announce three cuts before the election. However, what if they make all three cuts at once, slashing the rate by 0.75% in one move to avoid looking like they are tampering with the election process? That could send a shock wave around the world, supercharging gold, perhaps by $100 in a day or two.