The economist spoke about the prospects for a rise in the price of gold to $ 4 thousand per ounce.
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- The economist spoke about the prospects for a rise in the price of gold to $ 4 thousand per ounce.
The price of gold remains at historically high levels, and the forecast of growth to $4,000 per ounce is becoming more realistic. With increased geopolitical tensions, quotes may rise higher. CEO of the service Moneymatika.ru Maxim Molderf explained on September 30 that the key factors remain the Fed's policy, the dynamics of the dollar and the purchases of central banks.
"Today, gold is trading at levels close to historical highs, and the forecast of $4,000 per ounce is sounding more realistic. Goldman Sachs analysts expect this mark to be reached by mid-2026, and if geopolitical instability increases, the price may rise to $4,500-5,000. However, with a favorable combination of circumstances, it is possible to see $4,000 by the end of this year," Molderf said.
As the economist noted, this requires the Fed to lower the rate and weaken the dollar, which will automatically make gold more attractive to investors. Purchases by the central banks of China, India, Turkey and other countries remain an important factor: they reduce dependence on the dollar and create additional demand. And, of course, geopolitical crises always push the price up. With their aggravation, the growth can be especially sharp, and in rubles, quotes can exceed 12 thousand per gram by the end of the year.
"For an investor, gold is an opportunity not only to save, but also to increase capital. Over the past three years, the yield has averaged 46% per annum, and over the past half century, the price has increased more than 50 times. At the same time, it is important to think long—term: speculation on peaks can lead to losses, but regular purchases show results 15-20% higher than one-time investments," Molderf said.
For the economy, the growing role of gold means reducing dependence on the dollar and moving towards a multipolar financial system. Russia has increased the share of gold in international reserves to a record 34.4% by February 2025, creating a solid safety cushion. Short—term corrections are possible, for example, if the Fed is more cautious with rate cuts or strong economic data is released in the United States, but in general, as the expert clarified, the long-term trend remains upward.
Moreover, investors' attention is now focused on digital forms of gold. E-gold allows you to reduce costs: the spread here is only 2-3%, while there is always the possibility of converting into physical metal. It is noted that the optimal solution is to keep up to 10% of the portfolio in gold to diversify and protect against inflation.
"Gold today is both capital protection and an investment with a profitable potential that is unlikely to be exhausted," concluded Molderf.
Yulia Khandoshko, CEO of the European broker Mind Money (ex Cerih), told Izvestia on September 29 that the increase in gold prices, which reached $3,850 per ounce, was due to several factors, the main of which was geopolitical tensions.
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