In this environment, the analysts said that gold prices could rise to $3,000 over the next three years. The model suggests that a reasonable “status quo” valuation for gold in 2021 is around $3,000. Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled “The Fed can’t print gold.” The metal has climbed more than 20% so … Since 1970, the markets have had a meteoric rise. "Someday gold will reach $3000, maybe 1 year, or maybe 5 years." The $850 1980 gold high adjusted for inflation is around $2806. Gold is now only around 2/3 of that. Gold “monthly” Price Chart. “I think gold's going to $2,500, $3,000 an ounce in the 2020s because the climate—the landscape for gold is so hugely supportive.” Paul Schatz, Heritage Capital president, told Yahoo … To get to $3,000 Gold requires the Dollar to lose only 240% compared to Gold. Mark O’Byrne: $3,000 in next 12 months “Gold is quite likely to climb to $3,000 in the next 12 months.” Source; 17. John Ing: Higher than $3,000/ozt. How is it possible for Gold to increase from present levels to $3,000 per ounce? Prices will fall below and occasionally spike much higher than the valuation so a gold price of $5,000 in 2020 – 2022 is plausible. Joe Foster: $3,200 to $3,400 “We expect gold to trade higher than $3,000 an ounce due to a lower greenback and solvency concerns.” Source; 18. Having ended the previous week at $1,628 an ounce, it would not be in the least bit surprising if spot gold approached $3,000 per ounce by sometime in 2022. - maintain its forecast from April for $3,000 gold over the next 18 months. In Dollar terms, Gold has increased by 3,800 % since then. Bank of America is bullish on gold and seeing higher prices for longer. Monday, November 16, 2020. Stay tuned! AA. 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