What is Jonathan Barratt's gold price prediction for the future?

Jonathan Barratt sees a potential long-term path for gold towards $4,800 an ounce.

Which precious metal does Barratt favor for long-term investment?

Barratt holds his most bullish long-term conviction in silver, expecting it to potentially reach $100 per ounce.

How does China's policy affect base metals according to Barratt?

Barratt believes China's supportive monetary policies and liquidity measures will bolster base metals like copper.

Home / Business and Economy / Gold's Bull Run: Is $4,800 the Next Target?

Gold's Bull Run: Is $4,800 the Next Target?

8 Jan

•

Summary

Gold may reach $4,800 per ounce as US political/economic climate supports prices.
Silver is the most bullish precious metal, targeting $100 amid supply deficits.
Base metals like copper are expected to rise due to Chinese policy support.

Gold's Bull Run: Is $4,800 the Next Target?

Jonathan Barratt, Chief Investment Officer at ETO Markets, suggests that the current political and economic landscape in the US is a strong tailwind for gold prices. He anticipates a potential long-term trajectory for gold towards $4,800 per ounce once market stability returns.

Barratt views the recent dip in commodity prices as a natural phase of profit-taking following a robust start to 2026, rather than a signal of a market downturn. He emphasizes that individual commodity sectors possess distinct fundamental drivers, contributing to overall market stability.

Within precious metals, silver is Barratt's top conviction for long-term growth, eyeing a potential climb past $82.50 towards $100 per ounce, bolstered by China's dovish monetary policy and persistent supply deficits. He also notes that base metals like copper are experiencing a healthy correction, with future gains expected due to demand from China's green economy transition and supportive monetary policies from the People's Bank of China.