When will gold strike? Forecast as of 05.07.2024

The precious metal withstood a strong US dollar and growing Treasury yields. What will happen when a headwind changes to a tailwind? Let’s discuss it and make a trading plan.Key takeaways Gold resisted a strong dollar and rising Treasury yields. Bullish drivers, such as de-dollarisation and geopolitics, are still in play. The precious metal will soar if the Fed starts talking about rate cuts. Gold may reach $2,400, $2,425, and $2,480 an ounce.Monthly fundamental forecast for goldThe old wa