MKS PAMP predicts a maximum gold price of $1965 this year

According to experts from independent precious metals’s refiner MKS PAMP, this year gold could top $1,965 and hit $1,675 per troy ounce. The Canadian firm Sightline Wealth Management believes that gold will begin to rise significantly in price only if investors massively lose the central banks’ confidence policies. Its analysts believe that during this year, the gold price will be in the range of 1700 to 1850 dollars per ounce. MKS PAMP also gave a forecast for the price dynamics for other precious metals this year. According to its analysts, the silver maximum price in 2022 will be $26, and the minimum will be $18. At the same time, their forecast for platinum assumes a price range of $850-1350, while the rate of palladium will be in the range of $1500 to $2500 per ounce. The World Gold Council said that, among the three most liquid assets, gold is second only to the S&P 500 index and US government bonds. According to him, the gold sold daily in the world exceeds $100 billion. The council’s experts believe that the growth in gold prices will be restrained by the increase in rates by the world’s central banks.

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Arseny Kudrin

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