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Source: ChinaAMC ETF

“Buy gold in troubled times.” As international geopolitical turmoil continues and domestic equity and bond markets fluctuate sharply, many investors have once again turned their attention to gold.

However, the current round of gold price rise has lasted for eight years. Would it be a good idea to buy at a high point now? Let's take a look at what scholars and experts think about the future trend of gold.

Li Xunlei: Gold price can reach $3,000

Li Xunlei, chief economist of Zhongtai International, has been optimistic about gold since 2016. Just last month, he gave a bold prediction in an interview with Panorama.com:

“Even if gold prices fail to reach $3,000 an ounce in the short term, this goal is still within reach in the long term.”

Four years ago, when the international gold price broke through the previous high of $1,800 per ounce for the first time, Li Xunlei said:

"Historically, gold's rallies are a bit like an 'active volcano'.

When the volcano is dormant, there is no reaction at all, even if there are many positive factors, but once it erupts, the increase is astonishing.

This is not just a percentage increase, but a multiple increase.”

Since 2020, the price of gold has resumed its upward trend after several twists and turns, constantly breaking records. It is currently around US$2,500, a large increase, but it is still some distance from US$3,000.