The precious metal is increasingly running out of competitors in the ranking of the most profitable assets in 2024, but analysts agree on its further rise in price. Moreover, the forecast for an increase is valid both in the context of a favorable market and in conditions of turbulence and correction.
For the rest of the year, “gold is a safer bet than the stock market,” Michael Widmer, head of metals analysis at Bank of America, told EXPANSIÓN. Therefore, the impact could be a wider gap in favor of gold, in terms of earnings.
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