In recent months, I have been thoroughly studying how the situation with gold is developing. I must say, what I see in the charts is truly interesting. The price of gold is expected to hover around $3,000 this year and could surpass $3,900 next year. By 2030, gold could reach close to $5,000. This is exactly what I tell people — the projected gold price trend looks clearly bullish.

Do you know what fascinates me about this? Gold has started setting new all-time highs in every currency worldwide, not just in US dollars. This happened for the first time at the beginning of 2024. For me, it was the final confirmation that we are truly in a new gold bull market.

If you look at long-term charts — those spanning 50 years — you can see two massive secular patterns. First, the descending wedge from the 1980s and 1990s, then the cup and handle formation from 2013 to 2023. These are very strong signals. As the saying goes, long formations lead to strong moves. This convinces us that the projected gold price development will be really interesting in the coming years.

What do I think is the main driving force? Inflation expectations. Everyone talks about supply and demand, but that’s not the key point. Gold simply shines when inflation rises. The M2 money supply increases, CPI rises — all of this supports gold. Interestingly, gold strongly correlates with inflation expectations and also with the stock market. This dispels the old myth that gold performs well during recessions.

The euro looks strong, government bonds are in good shape — both support gold. Additionally, when I look at futures markets, I see tense positions, which means there isn’t much room for anyone to push gold down. All of this creates an environment where gold should grow.

And what about other institutions? Bloomberg believes gold will move between $1,700 and $2,700. Goldman Sachs estimates $2,700. UBS, BofA, J.P. Morgan — all agree around $2,700 to $2,800. We have a target of $3,100 for this year, which is higher, but I believe it’s correct.

Interestingly, if you look at the gold-to-silver ratio, silver will be explosive later. Historically, it reacts in the later phase of the gold bull market. So, for diversification, I recommend both metals.

Looking at the projected gold price development through 2030, I see potential to reach up to $5,000. This isn’t some wild guess — it’s based on analysis of long-term charts, monetary dynamics, and inflation expectations. Of course, if gold drops below $1,770 and stays there, that would be a different story. But I see that as very unlikely.

The key is to monitor macroeconomic indicators. They will determine how the situation develops. But I believe we are entering an interesting period for gold. A soft bull market now, followed by acceleration later in the decade. That’s my projected gold price trend for the coming years.