Gold prices surged to $2,135 per ounce on December 4, 2023, before settling around $2,060, driven by a weakening U.S. dollar and expectations of lower interest rates from the Federal Reserve in 2024.
Gold reacts to the current geopolitical situation by jumping over the 2200 EGP per 21K gram limt. And keeps moving forward
CEO of Dahab Masr, Dr : Fady Kamel to Bloomberg: The gold markets will witness more price breaches to new levels. " The state of instability in the world may push gold to exceed $2,300 per ounce"