Market Views: Can gold prices hit $3,000 per ounce?

Gold's scorching rally in 2024 has pushed the precious metal to successive record highs, most recently touching $2,758.49 per troy ounce against a backdrop of heightened geopolitical tensions and shifting monetary policy expectations. Recent profit-taking, however, combined with a strengthening US dollar and rising bond yields, has led to increased debate about the sustainability of the current rally. The fundamental drivers behind gold's advance remain significant. The Federa…