Steve Hanke, professor of economics at Johns Hopkins University, predicts that Gold (The value of XAUT) rally peaked after another 32%-54% rise, with the stock hovering around $4,548 on May 25.
Hanke reiterated his stance, predicting that the price of gold could rise to $6,000 to $7,000 per ounce.
“Buy gold, wear diamonds. I stand by my prediction that the gold bull market will peak at $6,000-$7,000/oz,” Hanke. he said.
The forecast was boosted by the central bank’s increased interest in commodity prices. In addition, nearly 95% of central banks around the world intend to increase their gold reserves in the next 12 months, according to research in YouGov andThe World Gold Council.
Hanke soon he did not agree with it and Morgan Stanley’s forecast, which was cut in 2026 from $5,700/oz to $5,200/oz. Even if the economy is done in 2025, Mr. Hanke maintains that it will be undervalued and undervalued as the market enters the high-end market.
The price of gold shares
Gold has remained flat since March 2026. After hitting an all-time high of $5,504 earlier this year, the stock has made new lows – signs of a bearish market – trading near $4,549 at press time.
Among bearish activities year after year, Finbold AI Assistant – the top investment tool – is predicted to go on sale again in the next two months.
The Finbold AI Assistant predicts that the stock can drop 1.04% in two months to $ 4,501 by July 24, 2026. Therefore, Hanke’s prediction is not possible before August, given the predictions of technology and AI.
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