Gold Eyes $5,000 as Long-Term Forecasts Reach as High as $23,000

[madtrader]

Gold surged to fresh record highs this week, approaching $5,000 per ounce, as investors continued to favor traditional hedges amid macroeconomic uncertainty. Silver also rallied toward the $100 level, underscoring renewed strength across precious metals.

Despite technical indicators showing gold as heavily overbought, long-term price projections remain bullish. Charles Edwards, founder of Capriole Investments, pointed to record central bank gold accumulation and persistent fiat money supply growth as drivers of a potential multi-year rally.

Edwards suggested that if historical expansion cycles repeat, gold could trade between $12,000 and $23,000 per ounce over the next three to eight years.

[johnblockbuster]

interesting how macro fear still pushes people to shiny rocks instead of crypto