Many Say Gold Will Top 2000$ An Ounce Sooner Then Later . Analysts at Citi say gold prices will “trade stronger for longer” and see them possibly topping $2,000 an ounce and posting new highs in the next year or two. “We now expect spot gold prices to trade stronger for longer, possibly breaching $2,000/oz and posting new cyclical highs at some point in the next year or two,” the analysts said in a note published Tuesday.
“From a birds-eye view, low(er) for longer nominal and real interest rates, escalating global recession risks—exacerbated by U.S.-China trade tensions—heightened geopolitical rifts amid rich equity and credit market valuations, coupled with strong central bank and investor buying activity, are all combining to buttress a bullish gold market environment.