Autumn approaches with a skyrocketing trend in gold prices: what can we expect?

In the world of finance, the price of gold has been a topic of interest for many analysts and investors. According to financial expert Mikhail Grachev, the current behaviour of gold prices suggests they may be on the rise.

Since mid-2020, the price of a physical gold ounce has fluctuated between $1,700 and $2,050. However, the price of gold futures contracts has been slightly higher, with gold futures peaking at $3,500 USD/Oz on the New York Mercantile Exchange's COMEX in April 2025. Interestingly, the price of gold futures has shown no willingness to drop below $3,300 USD/Oz since the significant rally in March 2024.

Experts forecast that gold prices will rise significantly in the coming years, driven by factors such as inflation, geopolitical uncertainty, and increased central bank demand. By 2025, some predict an average of around $3,000 per ounce. By 2030, projections range between approximately $5,000 and over $7,000 per ounce.

The annual gold production is slightly over 3600 tons, with growth constrained by geological and technological factors. Despite this, demand for gold is stable and continually increasing. The spread between gold futures and spot prices is typically around $30-$40 USD/Oz during periods of sideways price movement.

If this forecast materializes, gold could become the most attractive financial asset of the decade, yielding 100% returns over five to six years. However, it's important to note that the opinions expressed by experts in this section may not reflect the views of the editorial team and should not be considered as an offer or recommendation to buy or sell any assets or currencies.

The price of gold on the global financial market has been affected by various factors, including the "Sell in May and buy in August" adage. Gold prices have been rallying significantly since March 2024, with next year conditions potentially setting the stage for gold prices to reach 4000 USD/Oz and potentially 5000 USD/Oz in the following two to three years.

It's worth noting that gold is primarily used as a jewelry material and industrially, but the industrial usage is a small fraction of its global distribution. The futures/spot spread narrowed to $3-$5 USD/Oz at the beginning of 2025, after which the price of gold reached new highs.

In conclusion, the price of gold is expected to rise over the long term, making it an attractive investment for many. However, as with any investment, it's essential to conduct thorough research and consider seeking advice from a financial advisor before making any decisions.