If the inflation rate is around 4% and the FED maintains interest rates at current levels, the real value of gold will reach 4,124 USD in 2030. There are too many good things happening for gold and, in the next decade, they could really give the yellow metal a boost: reckless government spending around the world, central banks are buying gold, the qualities of gold on the ground are declining, exploration spending falls and the list goes on. It doesn't simplify things the fact that gold has performed well historically under a variety of different conditions and circumstances. If producers don't start mining gold from great depths, gold will soon run out and in the next 20 to 30 years gold prices will rise sharply.
In addition to the above-mentioned ways of investing in gold, an investor may consider buying shares in gold mining companies such as Barrick Gold Corp. Traditionally, mercury amalgamation is the cheapest, easiest and most readily available way for small-scale miners to process gold from hard rock. Meanwhile, projects to explore new gold deposits are expensive and can take 10 years or more to pay off. In addition to interest rate policy, the escalation of geopolitical tensions is one of the most consistent factors for investors and large institutions to buy gold as a safe haven.
There are numerous ways to adopt gold as an investment, from futures markets and “gold on paper” ETFs to investing in physical gold bars, coins and jewelry. As for the data, Friday's non-farm payroll data and US inflation data. Next week's U.S. will affect the price of gold in the new month.
As mentioned earlier, I believe that the two factors that will have the biggest impact on the price of gold will ultimately be monetary policy and geopolitics. Consumers and jewelers are pushing to stop using mercury when mining, melting or refining gold. Unlike strict graphic technicians, when evaluating the gold market I also include a broader perspective, for example, taking into account monetary dynamics and macroeconomic fundamentals. I use a combination of technical analysis and observation of market fundamentals to make my predictions about the price of gold.