Investopedia: Gold Is Pricier Than Ever. Here's Why Experts See It Rising Even Higher
Article by Colin Laidley in Investopedia
Gold prices climbed to a record high Monday, extending a blistering rally that experts don't expect to end anytime soon.
Gold futures surged 2% Monday to trade at an all-time high of about $3,780 an ounce. The real gold price, which adjusts for inflation, hit a record high earlier this month for the first time since 1980.
In a note on Monday, Deutsche Bank analysts forecast that gold prices could rise above $4,000 by the end of 2025, implying a full-year return of more than 50%.
That kind of price appreciation would make gold the year’s best-performing asset and likely put it in the top decile of S&P 500 stocks, on par with Nvidia.
The reasons behind gold's stellar year are plentiful and interrelated. Central bank demand, a weaker dollar ......