Incrementum AG suggests gold prices could rise to $8,900 by 2030

Despite the impressive growth in gold prices since the start of the year, some experts believe the current rally is just the beginning of a long-term bullish trend. Research group Incrementum AG not only reaffirmed its forecast of the yellow metal reaching $4,800 per ounce by 2030, but also signaled a potential upward revision. Experts' optimism is driven by global trade tensions and a potential rise in US inflation fueled by Donald Trump's unpredictable tariff policy.

Incrementum's bullish outlook suggests that gold prices may climb up to $8,900 by the end of the decade. The likelihood of such a scenario is getting higher by the day, according to the company. Back in 2020, the analysts warned that global central banks would find it increasingly difficult to curb consumer price growth amid soaring government debt.

Over the last 5 years, gold has grown in value by 92%, but its share in investment portfolios is still about 1%. Based on Incrementum's assessment, the yellow metal is just starting to get the well-deserved attention from traders. Further rise in demand for the asset will contribute to its appreciation.