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Gold Price Growth May Continue Beyond $4,000
By now, few doubt that gold will reach $4,000 in 2025, but the precious metal’s rally may continue even after hitting this milestone.
Canadian financier and entrepreneur Frank Giustra does not expect a correction in the XAU market in the near future and attributes the prolonged bull trend to “tectonic shifts,” last seen several decades ago.
Giustra did not specify what changes he meant, but economist Peter Schiff shared his perspective:
We are in the early stages of a monetary reset, as central banks are moving away from the U.S. dollar in favor of gold. This shift will end the hegemony of U.S. fiat currency, raise interest rates and prices, and thereby lower the standard of living [for Americans].
— Peter Schiff
The surge in demand for XAU amid declining dollar demand is reflected in actual data. This year, gold surprised by gaining 47%, outpacing Bitcoin, which rose 22% over the same period. Meanwhile, the dollar index has dropped nearly 10% since January 1, signaling its weakening against a basket of major fiat currencies, including the euro and the British pound.
On the daily gold price chart, the RSI index is in the overbought zone, making it clear that at least a short-term correction is unavoidable after the pump to $4,000. However, a subsequent uptrend may emerge. In that case, Giustra’s forecast would prove correct, and the maximum gold price this year could be much higher than $4,000.
See also: "Kazakhstan Authorities Decide to Invest in BNB Instead of Bitcoin"
