Analyst Predicts Record-High Gold Rally Will Crash By 38% In Five Years

Gold prices, which recently hit record highs, could face a steep correction in the coming years, according to one analyst.

Gold recently traded at approximately $3,080 per ounce - a fresh all-time high.

Long-term trends could push bullion prices back to $1,820 per ounce, implying a 38% decline from current levels, Jon Mills of Morningstar told Business Insider.

Gold has been one of the biggest winners in the so-called "Trump trade," as investors seek safe-haven assets amid policy uncertainty. However, Mills warns that factors such as shifting economic conditions and evolving monetary policies could drive the metal’s value back down over the next five years.

Gold recently traded at approximately $3,080 per ounce, marking a fresh all-time high.

Prices have surged this year due to geopolitical uncertainty, concerns over the U.S. economic outlook, and expectations of higher inflation. These factors have made gold a standout performer in the early months of Trump’s term.