empty
24.12.2020 02:21 PM
Gold prices to hit $4,800. Is it possible?

This image is no longer relevant

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.

This image is no longer relevant

Kate Smirnova,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Ledakan Saham: Nvidia Melampaui $4 Triliun, Bitcoin Tidak Ketinggalan, Dow dan S&P Naik

Indeks Meningkat: Dow Jones Naik 0,43%, S&P 500 Naik 0,27%, Nasdaq Naik 0,09% Nvidia Mengakhiri Perdagangan dengan Valuasi Historis, Melebihi $4 Triliun Delta Pandangan Positif Merangsang Sektor Penerbangan dan Transportasi

Thomas Frank 08:37 2025-07-11 UTC+2

Nvidia Mencetak Sejarah: Pasar Meningkat, Kapitalisasi Perusahaan Menembus Batas $4 Triliun

Indeks Naik: Dow Jones — 0,49%, S&P 500 — 0,61%, Nasdaq — 0,95% Nvidia Menjadi Perusahaan Pertama yang Mencapai Nilai Pasar $4 Triliun AES Melonjak Setelah Laporan Upaya Penjualan UnitedHealth

Thomas Frank 10:46 2025-07-10 UTC+2

Rangkuman Berita Terkini Pasar AS untuk 9 Juli

Indeks saham AS menutup sesi dengan pergerakan yang moderat: S&P 500 sedikit turun, Nasdaq 100 mencatat kenaikan ringan, dan Dow Jones tergelincir ke wilayah negatif. Investor dengan cermat mengamati perkembangan

Ekaterina Kiseleva 14:03 2025-07-09 UTC+2

Trump Kembali Beraksi: Tarif Tembaga 50%, Kerugian Lebih Banyak Diderita Tiongkok, UE

Trump Umumkan Tarif Tembaga 50% Pengumuman Tarif Baru untuk Semikonduktor, Farmasi Presiden Trump Nyatakan Pembicaraan dengan Uni Eropa, Tiongkok Capai Kemajuan Jepang, Korea Selatan Bekerja Keras untuk Minimalkan Kerugian Tarif

Thomas Frank 09:49 2025-07-09 UTC+2

Rangkuman Berita Terkini Pasar AS untuk 8 Juli

Pasar saham AS menunjukkan momentum yang tertahan di tengah ketidakpastian mengenai kemungkinan kembalinya tarif tinggi oleh Donald Trump. Meski presiden AS telah menyatakan kesediaannya untuk bernegosiasi, pelaku pasar menahan diri

Ekaterina Kiseleva 12:08 2025-07-08 UTC+2

Badai perdagangan melanda Asia: Jepang, Korea menghadapi kenaikan tarif 25%

Jepang, Korea Selatan menghadapi tarif 25% pada 1 Agustus Dolar Australia naik karena RBA mempertahankan suku bunga Indeks pan-Eropa STOXX 600 (.STOXX) tidak berubah pada 543,22 pada pukul 0710

Thomas Frank 10:52 2025-07-08 UTC+2

Kesepakatan yang dibatalkan, surat-surat baru – menuju kekacauan perdagangan? Kalender pedagang untuk 7-9 Juni

Secara simbolis, pada tanggal 4 Juli, Hari Kemerdekaan, Donald Trump menandatangani apa yang dia sebut sebagai "Big Beautiful Bill," yang menurut Gedung Putih akan "memenuhi janji kampanye." Namun, dalam kenyataannya

Svetlana Radchenko 14:07 2025-07-07 UTC+2

Berita Terkini Pasar AS untuk 7 Juli

Donald Trump menyetujui undang-undang yang menetapkan batas utang federal baru sebesar $5 triliun dan meningkatkan pengeluaran pemerintah. Dokumen ini mencakup pemotongan pajak dan langkah-langkah keamanan yang ditingkatkan, tetapi telah memicu

Ekaterina Kiseleva 13:27 2025-07-07 UTC+2

Siapa yang Menarik Tuas: AS, OPEC+, Dolar yang Jatuh Menjaga Keseimbangan yang Rapat

S&P 500, Nikkei Futures Turun Akibat Gejolak Perdagangan AS Menetapkan 1 Agustus sebagai Batas Waktu Tarif untuk Beberapa Negara Harga Minyak Turun saat OPEC+ Meningkatkan Produksi Dolar Pulih dari Posisi

Thomas Frank 10:40 2025-07-07 UTC+2

S&P, Nasdaq, dan Dow naik bersamaan saat pasar mencerna data pekerjaan dan perkembangan trading

S&P 500 naik sebesar 0,83%; Nasdaq naik 1,02%; Dow meningkat sebesar 0,77%. Pertumbuhan lapangan kerja di AS melebihi ekspektasi pada bulan Juni. Tripadvisor menguat setelah laporan dari Starboard Value. Synopsys

13:11 2025-07-04 UTC+2
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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.