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Gold price prediction for next 5 years

Price of gold is at an all-time high, many people think that the market will maintain its bullishness and that the price of gold will only go up from here.Some industry experts are predicting that gold could be worth anywhere from $3,000u2013$5,000 per ounce in the next 5u201310 years!

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Gold price prediction for next 5 years

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  1. Gold price prediction for next 5 years

  2. Price of gold is at an all-time high, many people think that the market will maintain its bullishness and that the price of gold will only go up from here.Some industry experts are predicting that gold could be worth anywhere from $3,000–$5,000 per ounce Gold price prediction for next 5 years

  3. Gold value will only continue to rise. Then there are others who are bearish on gold, predicting its value is at an all-time high and eventually decreases over the next five years. Gold has a history of actually rising during Fed rate hike cycles, after the first hike was initiated. And you see this performance occurred in a relatively short period of time.

  4. And how much can the Fed raise rates anyway? A Fed funds rate of 2% is an effective rate of 4%... and a 4% rate would require a whopping $1 trillion in interest payments! Interest payments on the debt in 2021 was $413 billion, so a 4% rate would amount to a 142% increase, and double the percent of revenue that goes to debt. A country might be able to afford this if they have the capital, but America’s deficit spending in 2021 was $2.7 trillion, the second highest level ever; and the debt-to-GDP ratio is 125%. This makes more than doubling our debt payments unrealistic.

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