📈💰 FBS, a global broker, predicts a gold price surge to $2,800 per ounce by the end of 2024. This bullish trend is driven by central bank buying, inflationary pressures, and increased demand from non-institutional investors.

Central banks are fortifying their gold reserves, indicating a shift towards safer assets amidst geopolitical tensions. Inflationary pressures, due to the global pandemic aftermath and rising oil prices, are increasing gold's appeal as a hedge against currency devaluation.

Non-institutional investors are also turning to gold as a store of value and portfolio diversification tool. Total gold demand hit historic highs in 2023, particularly in China.

FBS analysts highlight a bullish trend for gold, with prices testing the $2,400 resistance. If this level is broken, gold could rise to $2,800. However, a correction could see prices fall to $2,200 before bouncing back.

FBS experts stress prudent risk management in bullish market conditions. They recommend controlling position sizes, limiting trade deposits, and employing stop-loss orders. These actions can be easily performed on the upgraded FBS app, allowing traders to seize market opportunities anytime. 📲🌐 #GoldTrend #InvestmentNews