Gold has seen a drastic price increase over the last few months. The yellow metal recently hit a new all-time high, breaching the $4000 mark for the very first time. The sudden rise in gold’s value could be due to uncertainties in the finance sector. Gold is seen as a safe haven, protecting investors’ capital from volatility and market crashes. The commodity has experienced a consistent price increase ever since President Trump rolled out his tariffs. According to Franco-Nevada, President Trump’s policies have eroded the dollar’s value. In this price prediction article, let’s discuss when gold could breach the $6000 and $9000 price levels.

Gold Price Prediction: When Will Prices Hit $6000 and $9000?

gold bar wearing a crown
Source: Watcher.Guru

According to some experts, if gold continues to rise at about 9 % per year relative to the dollar, it could hit $6000 in 5 years. Moreover, the yellow metal could reach $9000 in 10 years if the growth continues.

Hitting $6000 from current price levels will entail a rally of about 48.66%. Moreover, if gold hits the $9000 mark, it will rally by nearly 123% from current price levels.

Gold’s recent surge is attributed to slow economic growth and uncertainties around the US economic policy. Trade disputes arising from President Trump’s tariff spree have also led to a substantial dip in investor confidence. Market participants seem to be opting for safer options, such as gold and other commodities. Central banks around the world are also filling their coffers with the yellow metal as the US dollar becomes unattractive. The dollar has lost significant value over the last few months. Gold seems to have become a go-to asset for countries trying to escape the dollar’s grip.

Also Read: The Great Commodity Market Rise: Silver Up 70%, Gold 54%, Copper 22%

Gold’s price could plateau if the global economy recovers its momentum. Moreover, the Federal Reserve is expected to announce another interest rate cut this month. The move could lead to market participants putting their funds in riskier assets. The move could lead to gold losing some of its value.

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