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State Street’s Milling-Stanley upgrades gold forecast, sees prices trading between $2,200 and $2,500 in H2 2024
The gold market has seen elevated volatility in recent weeks amid dynamic shifts in interest rate expectations; however, one market strategist said that the precious metal remains well supported even as the Federal Reserve hesitates to cut interest rates anytime soon. In an interview with Kitco News, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, said that gold remains an attractive asset as the world remains rife with uncertainty. While the Federal Reserve’s reluctance to embark on an easing cycle could limit gold’s gains in the near term, Milling-Stanley said he doesn’t see ... (full story)