00:00 Does the gold price of gold touch the $2,300 level during the second half of 2024?
00:10 In the beginning, if we look at the 21st session of March, after the US federal government issued its decision to stabilize the interest rates,
00:20 we see that the gold price of gold reached new historical levels at $2,200.
00:29 But there are several reasons today, in addition to the federal decision,
00:34 which is more than half a second from the current year, to lower interest rates,
00:39 which today raise gold prices.
00:42 One of the most important factors is also the continuation of central banks to buy gold at a record level for 2024.
00:52 This is what the president expected today in his statements to CBC.
01:01 Also in this context, we remember that today the People's Bank of China is one of the largest buyers in 2023 for gold.
01:10 We remember that its purchases were 225 tons of gold compared to last year.
01:17 We also see that Poland was one of the largest countries to buy gold compared to last year.
01:24 Finally, we remember that gold purchases exceeded 1,000 tons over the next two years for central banks.
01:33 Therefore, does Bank City really expect to touch the gold price of $2,300 by the end of 2024?
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