Gold Price Forecast for 2023-2028
Gold Price Outlook
Gold's structural bull case remains strong, leading JP Morgan to upgrade its gold price targets for 2023. Goldman Sachs initially anticipated a stable price around $1,970/oz between 2023 and 2026, but market conditions have shifted.
Gold Price Predictions
* **2024:** $2,100-$2,200/oz (JP Morgan) * **2025:** $2,593/oz (ANZ Research) * **2026:** $2,600-$2,800/oz (JP Morgan) * **2027:** $2,800-$3,000/oz (JP Morgan) * **2028:** $3,000-$3,200/oz (JP Morgan)
Factors Influencing Gold Prices
*
Central Bank Demand: Central banks continue to increase their gold reserves, providing support for prices. *
Inflationary Pressures: Gold is considered a hedge against inflation, increasing its appeal when prices rise. *
Economic Uncertainty: Market volatility and economic instability drive investors towards gold as a safe-haven asset. *
Supply and Demand Dynamics: Gold production remains relatively stable, while demand is expected to grow in developing economies. *
Geopolitical Events: International conflicts and geopolitical tensions often trigger gold price increases due to increased demand for safety.
Conclusion
While gold prices may fluctuate in the short term, analysts believe the long-term outlook remains positive. Factors such as central bank demand, inflationary pressures, economic uncertainty, and supply and demand dynamics support further price increases in the coming years.
Komentar