Santosh Meena, Head of Research at Swastika Investmart, believes that gold prices could rise by another 10 percent from their current levels in 2024. He attributes this expected increase to several factors, including central bank purchases, ongoing geopolitical tensions, and the possibility of US interest rate cuts. According to Meena, these combined influences may drive gold prices on COMEX to $2,700, representing a 10 percent gain. In the event of a pullback, he expects spot gold to find support between $2,200 and $2,150, with $2,525 being a potential near-term target.
