Analyst predicts record-setting gold rally could crash by 38%

From Yahoo Finance: 2025-03-29 12:15:00

Record-high gold prices may be facing a steep correction in the coming years, with Morningstar analyst Jon Mills predicting a 38% decline to $1,820 per ounce. Despite a recent surge to over $3,000, factors like increased gold mining profitability and growing above-ground stock could lead to lower prices. Central banks and investors have been buying gold, but there are signs that appetite for the metal is waning. Analysts warn of a potential peak in the gold industry, with M&A activity and fund proliferation suggesting prices may be nearing a top. Despite some bullish forecasts from Wall Street, long-term trends could push gold prices lower in the future.



Read more at Yahoo Finance: Why an analyst sees the record-setting gold rally headed for a 38% crash in coming years