Gold prices will soar to record levels within the next 12 months, with the anticipated £2,035 ($2,500) easily overshadowing previous all-time highs.
Deven Soni, CEO of technology firm, Matador, says that the gold bulls are poised to race into the distance, with around 20-25% increases on the cards by next spring.
The expected price hike is driven by a combination of high levels of inflation and weaker equities, leading investors to flock to the yellow metal as a trusted safe haven. Soni also expects to see a continuation of the recent renewed levels of demand from central banks worldwide as the U.S. dollar continues to see its strength and standing diminished.
“Most people that pay attention think that 2023 is going to be a pretty good year for gold and precious metals,” he said. “When you start realizing that inflation’s eating away your actual savings under your mattress, I think there’s going to be a retail push into gold.”
There is no doubt that gold is on the ascent. Don’t delay. Buy now to benefit.
