empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
09.03.2023 12:30 PM
Gold at $2,400 and $5,000 per ounce
Open trading account Open demo account

This image is no longer relevant

McEwen Mining Chairman Rob McEwen believes gold will reach $5,000 an ounce by 2027, and silver will reach $250 an ounce.

McEwan has almost forty years of experience in the mining industry. In 2019, he sold his GoldCorp company to Newmont for $10 billion, saying that as governments pursue soft fiscal and monetary policies, the weakening of fiat currencies will benefit hard assets such as precious metals.

"Hard assets will increase in value as the dollar drops in relative value to other currencies, because governments are irresponsible," he said. "They steal from their citizens by printing excess money and borrowing in ways they shouldn't. Look at the amount of the debt most of the Western world has right now, it's enormous."

McEwan said he is positioning his portfolio to capitalize on the expected rise in gold prices through his investments in mining companies, including juniors.

Pierre Lassonde, Chairman Emeritus of Franco-Nevada and CEO of Fireside Investments, also believes that gold will rise. As geopolitical tensions mount, central banks are buying more bullion, and countries like Russia are looking to get rid of the U.S. dollar after the dollar has become a weapon, so the price of gold will hit $2,400 by 2028.

This image is no longer relevant

A dual currency system may also appear.

As geopolitical tensions rise around the world, central banks are buying more gold. Gold purchases in 2022 by central banks has been the highest since 1950, with central banks purchasing 1,136 tons.

And central banks, especially in the BRICS countries (Brazil, Russia, India, China and South Africa), are buying gold as a prelude to creating an alternative to the U.S. dollar as a reserve currency.

The BRICS countries are concerned about U .S. influence in their affairs, and moving away from the U.S. dollar will help them gain more autonomy.

The forecast of a bifurcation of the global monetary system was supported by a number of voices, including Canadian mining tycoon Frank Giustra.

Lassonde also suggested that some young miners might do well as gold reaches new heights. In his opinion, there will be a recession and a stock market crash in 2023. And the resulting economic chaos will benefit gold.

He also believes that the U.S. Federal Reserve will respond to the recession by cutting rates, but "not fast enough." In turn, this will hurt the U.S. dollar and make investors flock to gold.

Gold stocks have performed very well under pressure. They are also worth paying attention to.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Technical analysis
GBP/USD Forecast for May 21, 2025 Over the past week, the British pound has been advancing ahead of other currencies. This momentum may soon lead to a breakout above the rising channel and the target level
Laurie Bailey
05:10 2025-05-21 +02:00
1060
Technical analysis
AUD/USD Forecast for May 21, 2025 Yesterday's rate cut by the Reserve Bank of Australia from 4.10% to 3.85%, although widely expected, did not allow the Australian dollar to consolidate above the 0.6444 resistance level. However
Laurie Bailey
05:10 2025-05-21 +02:00
1045
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

The Fed Maintains a Wait-and-See Approach

The market expects active measures from the U.S. central bank, while Donald Trump keeps demanding that Jerome Powell cut interest rates. It's worth noting that Powell cannot make such decisions
Chin Zhao 00:41 2025-05-21 UTC+2

The Dollar Regains Its Spirit

As the CFTC report showed, investors are still not very impressed that the US and China have managed to reduce trade tensions and take a pause for negotiations
Kuvat Raharjo 00:26 2025-05-21 UTC+2

EUR/USD: Weak Dollar Meets Indecisive Euro

The EUR/USD pair has consolidated above the 1.1200 level, reflecting the overall weakening of the U.S. dollar. The "bearish attack" we witnessed last week ended in failure. EUR/USD sellers were
Irina Manzenko 19:35 2025-05-20 UTC+2

Euro Exhausts Bullish Momentum

Inflation in the eurozone remained unchanged in April compared to March, fully in line with forecasts—2.2% year-over-year for the headline index, and 2.7% year-over-year for the core index. This inflation
Kuvat Raharjo 19:16 2025-05-20 UTC+2

AUD/NZD. Analysis and Forecast

The AUD/NZD pair is declining, drawing seller interest following the Reserve Bank of Australia's (RBA) decision to lower the official cash rate (OCR) by 25 basis points to 3.85%. Although
Irina Yanina 19:09 2025-05-20 UTC+2

USD/CAD. Current Market Situation Amid Mixed Fundamental Background

The pair is under pressure, trading within the familiar range established earlier. At the moment, the fundamental background is mixed. Crude oil prices are struggling to attract significant buyers, especially
Irina Yanina 19:07 2025-05-20 UTC+2

DXY. The U.S. Dollar Continues to Struggle

Today, the U.S. Dollar Index (DXY), which tracks the dollar's performance against a basket of currencies, is trading near its weekly low, continuing to fight for relevance. The lack
Irina Yanina 19:04 2025-05-20 UTC+2

The Dollar Is Back to Its Old Ways

Markets thrive on conspiracy theories more than anything else. Investors continue to believe that Donald Trump wants a weak dollar to boost the competitiveness of American manufacturers. It's no surprise
Marek Petkovich 18:54 2025-05-20 UTC+2

AUD/USD. RBA Delivers Dovish Scenario, but It's Too Early to Rush into Selling

The Reserve Bank of Australia (RBA) followed the most expected scenario at its May meeting, cutting the interest rate by 25 basis points. However, AUD/USD sellers remain vulnerable
Irina Manzenko 11:44 2025-05-20 UTC+2

Financial Markets Still Gripped by Uncertainty (Potential Decline in #USDX and Gold Prices)

Despite the 90-day truce between Beijing and Washington, market conditions remain extremely tense. Investors are uncertain about what will happen after three months—whether Donald Trump will hike tariffs again
Pati Gani 09:42 2025-05-20 UTC+2

Top analytics

Relevance up to 20:00 2025-05-21 UTC--4
Trading Recommendations and Analysis for EUR/USD on May 21: The Euro Continues to Climb
03:48 2025-05-21
Trading plan
Relevance up to 20:00 2025-05-21 UTC--4
Trading Recommendations and Analysis for GBP/USD on May 21: The British Pound Remains in a Flat Range
03:48 2025-05-21
Trading plan
Relevance up to 23:00 2025-05-21 UTC--4
AUD/USD Forecast for May 21, 2025
05:10 2025-05-21
Technical analysis
Relevance up to 23:00 2025-05-21 UTC--4
GBP/USD Forecast for May 21, 2025
05:10 2025-05-21
Technical analysis
Relevance up to 23:00 2025-05-21 UTC--4
Forecast for USD/CAD on May 21, 2025
05:07 2025-05-21
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.