Wall Street Guru Predicts Gold Will Hit $5000 by 2028
Famed investor John Paulson, known as the 'Wall Street Guru,' predicts that due to escalating global trade conflicts, the price of gold will surpass $5000 per ounce by 2028. He highlights that trade wars and the crisis of confidence in the dollar will be the main drivers for this increase.
In interviews, Paulson pointed out that the increasing demand for gold by central banks worldwide, coupled with sanctions against Russia following the Ukraine conflict, will push gold prices higher. He emphasized that if confidence in the dollar weakens, gold will emerge as the best safe-haven asset.
As gold prices rise, market expectations have also been adjusted upward. Deutsche Bank recently predicted that gold will reach $3700 per ounce next year, while Paulson has set an even higher target of $5000. This prediction has garnered significant market attention.
