Such dynamics are expected to lead to a price increase of 33% compared to current levels.
Despite the recent collapse in precious metal prices, experts are confident that demand from central banks and investors will help achieve these figures.
The analytical note emphasizes: “We remain confident in gold in the medium term, which is linked to a clear and persistent trend towards diversification that is not yet complete.”
Analysts note that this trend is observed against the backdrop of the ongoing advantage of real assets over "paper" ones.
Additionally, this year, gold purchases by central banks may amount to around 800 tons, according to JPMorgan's estimates.
