New Peak Expectations and Sector Analyses in the Global Gold Market
Experts and industry representatives state that the precious metal could see new peaks in the upcoming period due to rising debts and geopolitical risks.
In evaluations made by financial circles, fund managers and industry representatives maintain their long-term bullish projections despite the pressure created by the policies of the US Federal Reserve.
Latest Situation in Markets and Price Movements
While expectations that the US Federal Reserve may continue interest rate hikes continue to pressure gold prices, the ounce price recorded a decline with a 2 percent drop.
Having seen its historical peak in January, the precious metal continues to maintain its course at high levels despite this recent pullback.
Future Period Forecasts from Fund Managers
Speaking at a symposium organized by the Financial Times, industry representatives shared their views that the decline in prices may not be permanent.
Charlotte Yonge, manager at Troy Asset Management, projected that gold could reach a new peak within the next 12 to 18 months, while Paul Carne expects new records within two years.
Gold Purchases by Central Banks
According to preliminary data from the World Gold Council, central banks made significant purchases in September, strengthening their reserves.
While this amount was recorded as the highest monthly purchase since November 2024, the reserves of the People's Bank of China also drew attention.