How the gold price could go on

In euros Calculated it was almost 2,770 euros – No new record. This was already achieved on February 11th with around 2,821 euros. Reason: The dollar has lost value since then. Gold is primarily indicated in the US currency (glue ounce, 31.1 grams).

Since the beginning of the year, the course has been more than 14 percent increased, in the previous year it was 27 percent. The Main reason now: again once again Donald Trump. Its permanent customs threats trigger fears of a possible global trade war, but at least higher tariffs fold again. Gold is not only considered a crisis currency, but also as an inflation protection.

Another reason for the high -altitude flight of the precious metal are strong acquisitions Large central banksespecially China. You (and central banks of other emerging countries such as India) want to massively expand your gold stocks to keep your currencies. And also listed funds (ETFS) that with physical gold secured are, buy strongly.

Interest cuts

And last but not least, the dollar is paired with the Zinspolitics of the US Federal Reserve. Because interest reductions often lead to a weaker dollar, which makes gold more attractive to buyers of other currencies. As a result of Trump’s policy, the dollar drops to other currencies anyway. And the central bankers also have a tendency Falling inflation and weaker economy further interest reductions in the country. If not at your next meeting in April, then in June.

But what’s next? “If I Falco Quoted, then I would say for gold ‘Out of the Dark, Into the Light’. Gold is back in the spotlight! ”Says Ronald Stöferle, specialist of the domestic fund provider specializing in precious metals and cryptos Growth. “We are in the middle of the trend – corrections are possible at any time.”

Long -term he looks at the course 4.800 Dollar. He advises potential investors to take a look at mine values. They are still in the early phase of the upswing, especially small and medium -sized values ​​could benefit greatly. “Also Silber and other raw materials are Only at the beginning One upward trend, ”said Stöferle to the courier.

Long -term bull market

“Gold is located in a long -term bull market. We predict that prices this year between 3,000 and $ 3,200 vary will be, ”said Alex Effena, Chief Operating Officer from Allegiance Gold. Goldman Sachs, in turn, expects $ 3,100 at the end of the year.

Less bullish are the analysts of the Australian Anz Group. You believe in a high of $ 3,050 this year.

“There are good reasons why investment demand is expected to remain robust. Increased geopolitical and geo -economic risks, higher inflation expectations, possibly lower interest rates and the uncertainty that the markets feel, ”says Juan Carlos Carlos, Global Research Manager of the World Gold Council, a global lobby organization of the gold mining industry.