The Top Reasons Gold Prices Could Run to $2,500

The same catalysts that sent gold slightly above $2,089 are still in place.

For one, there’s still a considerable amount of tension with China.  Two, we could see an aggressive stimulus package of $1.9 trillion, which could accelerate inflationary risks.  Three, the U.S. dollar is still under pressure, and four, central banks seem likely to remain increasingly dovish.  So it comes as no surprise that firms such as Citi appear to have a $2,500 price target.

As Granite Shares Founder and CEO Will Rhind, as quoted by CNBC, also noted, “The conditions that drove gold to an all-time high in 2020 are very much still in place. I think it’s just natural that once you get to an all-time high in an asset class, there’s some consolidation afterward, and that’s what we’re seeing right now in terms of the price. But the fundamental conditions are still here.”