2023-12-12 21:04:44
Large gold bars, which are mainly used by central banks. China’s central bank in particular has increased its inventories. Image: dpa
A very reputable precious metals company now expects gold prices of a magnitude that only conspiracy theorists once expected. However, the company does not believe in particularly wild speculation.
The precious metals group Heraeus expects the price of gold to reach a new all-time high next year and could temporarily cost $2,250 per troy ounce (31.1 grams). The current price is around 1985 dollars. The company expects a trading range of between $1,880 and $2,250 next year. Silver could also become more expensive, says the company and predicts a price range between $22 and $29 per ounce; the current price is $22.90. For platinum it expects prices between 800 and 1100 dollars, currently it is 922 dollars.
Such a gold price forecast would have caused a shake of the head just a few years ago: at that time, prices between $2,000 and $3,000 were expected primarily by conspiracy theorists or people who expected an imminent collapse of the paper currency or the global financial system.
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