According to Morris' assumptions, the yellow metal, with its price, should reach 7,370 USD per troy ounce by 2030. Moreover, as explained above, the value of gold is known to increase when the value of the dollar falls and the Federal Reserve has made it clear that it is willing to cause massive inflation and a devaluation of the dollar to stimulate spending and increase liquidity by printing money. The report also notes that the price of gold has also been affected by the Federal Reserve's tightening policy. This makes investing in a Gold IRA an attractive option for those looking to diversify their portfolios and protect their wealth from inflation.

And finally, since gold is an uncertain supply that is extracted, it is actually mostly recycled, so when global demand increases, it is difficult to meet supply, so demand causes the price of the asset to rise considerably. Gold is starting to reappear as Bitcoin cools and the Delta COVID variety begins to shake the markets again. Because gold is such a mature and established market, there are a number of factors that come into play when determining its price and how it is affected. Today, the price of gold is below its recent all-time high, but it remains above support and could be ready for another phase of growth. This has made investors seek to invest their money in safer investments, and gold is one of the best investments of its kind.

In the same way, gold and interest rates also contribute to moving the price of gold, since lower interest rates, which usually occur when there are times of financial uncertainty and governments want people to spend, mean that saving is more difficult. However, conserving gold means that interest rate falls are kept at bay and the value of savings is maintained through the precious metal. From the late 1990s to the first decade of the 21st century, gold was in a prolonged bull market. The fact that gold functions as a safe asset, which often moves against correlation with traditional markets, means that the commodity is an excellent hedge against financial problems, but it is also an asset that has shown steady and solid growth in value for a long time.

Because gold is such a mature and well-established market, and a fairly stable and slow-moving market, many future predictions are made for the precious metal. When real rates are high, owning gold is less attractive (compared to assets that generate returns, such as bonds). Therefore, monsoons play an important role in the consumption of gold because if the harvest is good, farmers buy gold with their profits to create assets. I use a combination of technical analysis and observation of market fundamentals to make my predictions about the price of gold.

There are many factors, of course, that could affect the price of gold both in the short and long term, he said.