Cost Of Gold 2024. Jp morgan has an average price target of $2,175 per ounce for bullion in the final quarter of 2024. Gold has achieved multiple record prices so far in 2024.
On the supply side, gold’s outlook is bolstered by constrained production and rising extraction costs. 2024 is shaping up to be the year when the dollar loses international credibility, and its value measured in real, legal money โ which is only gold โ will.