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Gold prices have been hitting record highs — here's why the rally is far from over [MSNBC.com]

Wheaton Precious Metals Corp Common Shares (Canada) (WPM) 
Last wheaton precious metals corp common shares (canada) earnings: 3/11 05:10 pm Check Earnings Report
US:NYSE Investor Relations: wheatonpm.com/investors/default.aspx
Company Research Source: MSNBC.com
People browsing gold jewelry in Istanbul.Burak Kara | Getty Images News | Getty ImagesThe rally in gold continues with prices hitting an all-time high on Thursday — and there's roomfor it to risePrices could rise to $2,300 per ounce in the second half of 2024, especially against the backdrop of expectations that the U.S. Federal Reserve could cut rates in the second half of 2024, Aakash Doshi, Citi's North America head of commodities research, told CNBC. Gold iscurrently tradingGold prices tend to share an inverse relationship with interest rates. As interest rates dip, gold becomes more appealing compared to fixed-income assets such as bonds, which would yield weaker returns in a low-interest-rate environment.Macquarie has also forecast gold prices to notch new highs in the second half of the year. While acknowledging that physical purchases of gold have given prices a lift, Macquarie's strategists attributed the recent $100 spike in prices to "significant futures buying" in their no Show less Read more
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