The expert estimated the probability of an increase in gold prices

Gold prices may reach $3.6 thousand — $4 thousand per ounce in the next 6-12 months. Ilya Sivoplyas, head of the WhiteBird crypto platform's exchange trading department, stated this in an interview with Izvestia on June 27, commenting on the decline in the value of gold to $3.3 thousand per troy ounce.

"Gold has a unique set of characteristics. It is sensitive to global liquidity, acts as a "risk-off" asset during periods of instability, often moves in antiphase to the dollar and serves as a classic tool for preserving value against the background of the devaluation of fiat currencies," the source said.

Sivoplyas noted that since the beginning of 2024, gold has risen significantly in price, increasing by more than 70%. He considers the current prices too high.

"We consider it reasonable to expect a correction in the region of $3,000 per ounce. However, the long-term outlook remains bullish. Fiscal expansion in the United States, growing problems in the public debt system, ongoing geopolitical tensions, and a fundamental feature of modern financial architecture — the need to expand the monetary base to service debts — continue to support gold as a defensive asset," the expert said.

Sivoplyas also stressed that in the current economic conditions, the scenarios of gold prices rising to $5–$8 thousand per ounce in the coming years do not look unrealistic. In the medium term, the most likely scenario is a move in the range of $3.6 thousand — $4 thousand per ounce, especially given the expected reduction in interest rates in the United States in 2026.

He added that any gold price corrections should be considered as an opportunity to enter the market, rather than as a cause for concern, which makes this asset more attractive to investors in an uncertain environment.

Gold continues to rise in price rapidly. Answers to the main questions

On the same day, it was reported that the price of gold futures for delivery in August 2025 on the Comex exchange fell below $3.3 thousand per troy ounce for the first time since May 30, 2025. According to the banks, gold has lost about 4.5% in price over the past month.

On May 29, Fares Kilzie, the founder and head of CREON Group, said that the illegitimate restrictions of the United States and European Union countries, increased marginality of gold mining and the outstripping growth of global debt led to an increase in gold prices, which this spring exceeded $3.5 thousand per troy ounce for the first time in history. Along with the increase in gold purchases by central banks and the downgrade of the US sovereign rating, this led to record revenue from gold sales.