Heraeus predicts gold prices will rise in Q4 2023 due to Fed rate cuts, election risk, and a Chinese rebound. Silver sees massive support from India's physical demand.
Heraeus predicts that gold prices will rise in the fourth quarter of 2023 due to a combination of factors, including anticipated interest rate cuts by the Federal Reserve , increasing election risk , and a rebound in Chinese demand. The precious metal is expected to benefit from uncertainty surrounding the US presidential election and growing concerns about global economic stability.\ Silver , on the other hand, will see significant support from India 's robust physical demand, according to Heraeus .
The Indian market is a major driver of silver consumption, particularly for jewelry and industrial applications.\Heraeus is a renowned precious metals research firm with a long history of providing accurate and insightful market analysis
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