New Delhi, May 26 -- Gold is in a long-term bull market, with price targets of USD 4,000-5,000 in the medium term and potential highs of USD 8,900 by 2030, according to "Gold We Trust Report 2025" by Liechtenstein-based investment and asset management firm Incrementum.

The report states that the yellow metal has the potential to touch USD 8,900 for the same time period, in the case of a more inflationary environment.

"The forecast corridor of USD 4,800 to USD 8,900 depends mainly on how inflationary the next five years will be," the report said.

These price targets are rooted in the report's broader analysis of factors influencing gold, including monetary policy, inflation trends, and geopolitical dynamics.

The report also argues that...