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Goldplat plc

Gold could hit $3,000 by 2025

Gold prices pulled back on Wednesday after climbing above $1,600 for the first time in seven years as tensions between Iran and the United States simmered. Still, the commodity has been one of the best performing assets in the world and one strategist says it’s only getting started.

“I think by 2025 gold will be at least $2,500 to $3,000 an ounce,” Heritage Capital’s Paul Schatz told Yahoo Finance’s On the Move. “I don’t think the rally is over in gold by any means.”

Gold prices are up nearly 4% in just the first few weeks of 2020.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.