Los inversores prevén un nuevo máximo histórico del oro en el plazo de dos años

Invesores anticipate a new historic peak for gold within two years. Central banks conducted their largest monthly purchases of the precious metal in nearly two years in September. Expectations are that gold prices will reach new historical highs over the next two years as data shows central bank purchases of gold bars reached their highest monthly level since November 2024, with nearly 63 tonnes recorded so far, according to provisional data from the World Gold Council.

The association compiled figures from central banks and the IMF. In January, gold hit a historic maximum of over $5,500 per ounce troy after a rapid surge in prices. Although it has since retreated, the precious metal remains at historically elevated levels. Fund managers expect the price of gold to rise in the medium and long term, driven by investors seeking safe assets amid geopolitical tensions and uncertainty in the economy and financial markets.

During a Wednesday intervention at the Financial Times Precious Metals Symposium, Charlotte Yonge, a fund manager at Troy Asset Management, forecasted that gold would register a new historic maximum within 12 to 18 months, stating that gold provides an "ideal hedge" against deteriorating public finances, referring to the growing US government debt and the expectation that central banks worldwide will print more money "the next time we enter a recession."

"Gold cannot be printed in that way," she added. Paul Carne, Aon Investments' senior investment director for Europe, the Middle East, and Africa, said gold prices will reach new historic highs within two years. "When you turn the dollar into a weapon, don't be surprised if people stop using it. What will you use instead?" he added, pointing to gold while also referencing US policy.

Peter Marrone, president and CEO of Allied Gold, suggested investors should question whether "we are at the beginning of a financial crisis." "I think we are on the cusp of a financial event," he stated. Family offices have turned to gold as the macroeconomic environment becomes more unstable, diversifying their portfolios away from government bonds towards gold.

The association also gathered figures from central banks and the IMF. In January, gold reached a historic high of over $5,500 per ounce troy after a sharp price rally. While it has since declined, the precious metal remains at historically high levels. Fund managers anticipate the price of gold to rise in the medium and long term, fueled by investors seeking safe havens amid geopolitical tensions and economic and financial market uncertainty.