Westpac say the price of gold has peaked, forecasts – ForexLive

WPAC on gold, forecasting the price to fall.

“This outlook comes as gold has been on a losing streak amid better economic data and more risk-on sentiment in the marketplace in light of positive COVID-19 vaccine news.”

  • to average below $1,760 an ounce by the end of 2021
  • to fall to $1,633 at the end of 2022

Looking for a turn around in 2023

  • by mid-2023 will begin to climb and rise to $1,848 by September 2024,

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