Money managers are cautiously optimistic about gold exposure in 2024, as the US dollar has fallen due to rising real yields, a stronger US dollar, and higher rates.

Over two-thirds expect prices to rise, and five expect an all-time high.

The Federal Reserve’s tightening cycle is unclear, but investors are ready for longer rate hikes.

Gold is expected to reach a record $2,250 an ounce in the coming year, despite the US economy’s soft landing.