Delilah D’Souza

Daijiworld Media Network – New Delhi

New Delhi, May 26: Gold may be heading towards unprecedented highs over the next few years, with prices expected to reach USD 4,800 to USD 8,900 by 2029, depending on global inflation patterns. This bold forecast comes from the “Gold We Trust Report 2025” by Incrementum AG, a Liechtenstein-based asset management firm.

The report predicts that gold will remain in a long-term bull market, backed by persistent economic uncertainty and rising inflationary pressures. In the medium term, prices are likely to range between USD 4,000 and USD 5,000, but if inflation intensifies, gold could surge as high as USD 8,900 within the next four years.

"The next five years are pivotal. Whether we see the lower or upper end of this price corridor will depend on how inflation behaves globally," the report noted.

Gold prices have already shown strong momentum in early 2025, rising by 25% between January and April, driven by concerns over global trade tensions and monetary instability. While there has been a slight decline in recent weeks, experts believe that the long-term trend remains upward.

Despite this, the report highlights that most family offices and global investors still allocate only about 1% of their portfolios to gold and precious metals, placing it on par with niche assets such as art and antiques — and far behind real estate, private equity, and even cash.

Meanwhile, JP Morgan has issued its own forecast, predicting that gold prices could reach USD 6,000 per ounce by 2029, further reinforcing bullish sentiment.

Gold’s rising appeal also stems from growing concerns over central bank policies, geopolitical instability, and the search for reliable value stores in uncertain economic times.

For now, the yellow metal seems to be shining brighter than ever, and many investors are keeping a close eye on its next move.