Gold prices are expected to rebound due to various factors such as increasing national debt, ongoing geopolitical tensions, and escalating trade disputes. These factors are reinforcing gold's status as a safe haven asset.
Matthias Geissbühler, an investment manager at Raiffeisen, predicts that the price of gold could reach $2,800 per ounce within the next year. He also suggests that sustained high demand may push prices even higher, potentially surpassing the $3,000 mark. This highlights the appeal of gold as a precious metal in the face of current economic uncertainties.