The expert did not rule out an increase in the price of gold futures to $ 3.5 thousand.
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- The expert did not rule out an increase in the price of gold futures to $ 3.5 thousand.
The price of gold futures has reached a record high amid the weakening of the US dollar, criticism of the Federal Reserve System (FRS) from Donald Trump and the continuing risks of a trade war. In the near future, the price of the metal may reach $3.5 thousand per ounce. Evgeny Shatov, partner of Capital Lab, told Izvestia about this on April 21.
"Gold's growth is supported by demand for defensive assets in the face of turbulence. The dollar has fallen to lows since the end of 2023, and Trump's statements about the dismissal of Fed Chairman Jerome Powell increase uncertainty," the expert notes.
According to him, attempts to limit the Fed's independence could undermine confidence in the dollar and accelerate capital outflow into safe haven assets, including gold.
"If investors doubt the stability of the US monetary policy, this will give an additional impetus to the growth of metal prices," he added.
In addition, volatility in the stock market and active purchases of gold by central banks are supporting global demand.
"The current dynamics indicate a growth potential of up to $3.5 thousand in the near future," Shatov summed up.
Earlier, on April 19, independent financial expert Andrey Barkhota told Izvestia about where to invest in 2025. In particular, according to him, the profitability of bank deposits may exceed 20% per annum. For example, an investment of 1 million rubles will bring the investor more than 200 thousand rubles of net profit per year.
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