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Gold prices to hit $2,200 and a 'dramatic' outperformance awaits silver in 2024, says UBS – CNBC

A safe on the table of Munich precious metals dealer Pro Aurum holds gold and silver bars of various sizes.

Sven Hoppe | Picture Alliance | Getty Images

UBS expects gold and silver to rise further in 2024 on expectations that the US Federal Reserve will start cutting interest rates.

“We expect the Fed’s easing to lead to higher gold prices, which will also be accompanied by a weaker dollar,” said Joni Taves, precious metals strategist at the investment bank. is expected to reach.

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