Gold May Trade Up to USD 5,000/oz over Next Two Years as Central Banks Sustain Demand: Report

Gold price forecast: Central banks and Asian demand may drive prices to $5,000

Gold could reach $5,000 an ounce as central bank buying and Asian demand support prices, while limited mine supply and US fiscal concerns shape the outlook.

Gold May Trade Up to USD 5,000/oz over Next Two Years as Central Banks Sustain Demand: Report

Get latest articles and stories on Business at LatestLY. Gold prices could remain elevated at USD 4,200-5,000 per ounce over the next 12-24 months as central bank purchases and strong Asian investor demand increasingly drive the market, reducing the influence of US interest rate movements, according to a report by NDB Wealth Management. Business News | Gold May Trade Up to USD 5,000/oz over Next Two Years as Central Banks Sustain Demand: Report.