Tue Dec 03 07:51:51 UTC 2024: ## Gold Prices Dip Despite Strong Demand Predictions
**NEW YORK** – Despite predictions of increased demand from China and continued central bank buying, gold prices experienced a slight downturn Monday. After hitting a record high of over $2,800 per ounce just last month, the February gold futures contract fell 0.8% to settle at $2,658.50. While analysts at Capital Economics anticipate higher gold prices next year due to these factors, they caution that a stronger dollar and rising Treasury yields could offset these positive influences. The outlook, therefore, remains uncertain.
First Piper 