Gold price forecast 2024: Financial expert Markus Bußler gives an optimistic outlook for gold and copper - Find out more in the video

Gold price forecast 2024: Financial expert Markus Bußler gives an optimistic outlook for gold and copper - Find out more in the video

According to a report by www.deraktionaer.de,
The gold price appears to be starting 2024 with gains. Markus Bußler, a renowned expert, has predicted that the price of gold could reach $2,300 next year. He is also optimistic about the copper price as he expects a significant recovery and positive development for copper and copper stocks. There are also positive forecasts for silver and precious metal stocks. Bußler assumes that GDX will rise to $40 and silver will trade at around $30 next year. Furthermore, he does not rule out mergers among the major gold producers and speculates about possible takeovers, such as the consolidation of Nevada by Barrick Gold.

Given these forecasts, it is likely that a positive development in the raw materials market can be expected. If Markus Bußler's forecasts come true, this could lead to an increase in the prices of gold, copper and silver. Investors could therefore diversify their portfolio in this direction in order to benefit from the forecast price gains. Additionally, there may be increased mergers and acquisitions activity among gold and copper producers, which could impact market structure. However, it remains to be seen whether the forecasts will come true and what specific impact they will actually have on the market.