Dear Friends,
I hope this message finds you well. I wanted to share my thoughts on the potential trajectory of gold prices, based on recent market trends and expert predictions.
As of October 18, 2023, the price of gold (XAU/USD) was at USD $1,911.461. Despite some volatility, experts predict a bullish trend for gold in the coming years12.
In the short term, we might see some bearish price drivers due to factors such as the US Dollar and interest rates1. However, in the medium term (1 year), the price is expected to remain steady around $19301.
Looking further ahead (3 years), experts predict a bullish trend with gold potentially reaching $2,5601. This is driven by factors such as falling currency prices, negative real interest rates, and potential upticks in sovereign buying1.
Please note that these predictions are based on current market conditions and can change with shifts in economic and geopolitical climates. As always, it’s important to do your own research and consider your financial goals and risk tolerance before making investment decisions.
Wishing you all the best in your trading endeavors.