Gold prices are expected to rise above US$2,000 by the end of the year, amid expectations of an economic slowdown in the US and Europe, intense geopolitical factors, and fewer interest rate hikes, says YLG Bullion & Futures.
Interest rate increases have recently made gold investments unattractive, but now that rates are nearing their peak and the US dollar is depreciating, such factors are supporting gold prices, said YLG chief executive Tipa Nawawattanasub.
“When interest rates turn downward, it will be an…
