Gold price forecast 2022: Precious metal company expects all-time high of $2,250 per troy ounce

Gold price forecast 2022: Precious metal company expects all-time high of $2,250 per troy ounce

According to a report by www.faz.net, the precious metals group Heraeus expects the price of gold to reach a new all-time high next year and could temporarily cost $2,250 per troy ounce. The current price is around 1985 dollars. The company forecasts a trading range of between $1,880 and $2,250 for the coming year.

The prediction of such a high gold price would have caused people to shake their heads a few years ago, as such prices were mainly expected by conspiracy theorists. The price range for silver is expected to be between $22 and $29 per ounce, while platinum could reach prices between $800 and $1,100.

These forecasts could have a strong impact on the market and the financial industry. For example, an increase in the price of gold can lead to increased demand for alternative investments as investors increasingly look for safe havens. Higher demand for gold could also affect the returns of gold mining companies and lead to an increase in their stock prices.

Furthermore, a rising gold price could also have an impact on the economy as higher gold prices can affect the production of luxury goods and jewelry, which are considered non-essential goods. This could lead to changes in consumer behavior.

The projected price ranges for silver and platinum could also impact the industrial sector, as these precious metals play an important role in the production of electronics, jewelry and industrial applications.

Overall, the precious metals group's forecasts point to possible changes and challenges in the precious metals market that should be carefully monitored by investors and companies in order to adapt their investment strategies accordingly.