Ronald Stoferle, the author of "In Gold we trust", estimates that gold will hit $4,800 per ounce within ten years. Gold will rise amid uncertainties in financial markets and financial assistance from states. Central banks continue printing a large amount of unsecured money to support the economy. As a result, government debts are soaring and an oversupply of liquidity may arise.
A jump in gold prices to $4,800 by 2030 sounds unrealistic now. However, to reach this level, gold must advance by 10.1% annually. Thus, it seems quite real, such growth is quite achievable, the analyst believes.
The expert also noted that due to the current situation, people have no confidence in the future. Investors are extremely restrained and cautious; the consumption of goods has decreased. However, news of a successful vaccination will gradually restore the economy and people's confidence.
Moreover, huge liquidity may appear in the market. This may lead to a rapid rise in inflation. This, in turn, will support the rise in the price of gold.
Currently, the yellow metal cannot break the level of $1,900 per ounce. However, experts advise not to rush to sell off your gold.
Experts believe that in 2021, gold will surpass $2,000 per ounce. In their opinion, the governments of some countries will continue to stimulate the economy in 2021, as the situation is still difficult. Central banks are unlikely to raise interest rates, thus boosting gold and depreciating the US dollar.
Today gold is trading at $1872.17.
美國股市基準指數當日漲跌不一:S&P 500 指數和納斯達克指數小幅上漲,而道瓊斯指數小幅下跌。 由於對美聯儲貨幣政策走向的不確定性,投資者情緒依舊謹慎。
目前,加密市場正面臨一些動盪,儘管許多分析師預計情況會更糟。他們警告交易員注意比特幣行為中的潛在價格陷阱,擔心可能出現大幅下跌。
InstaForex俱乐部
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.