Gold Price Forecasts Cut Amid Expected Downturn

Peter Spina of GoldSeek.com has reported that gold price forecasts have been revised downward for the first time since late 2023.

According to a Reuters poll, which included the opinions of 29 analysts and traders, gold prices are expected to weaken in the near future.

However, despite this expected downturn, continued central bank purchases of gold are anticipated to help limit its decline.

This development is significant as it suggests that central banks remain committed to buying gold, even as market sentiment turns bearish.