Bloomberg Intelligence Strategist Says Gold Could Climb to $4,000

Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, predicts that gold’s current rally may just be the beginning of bullion’s rise and that the precious metal could be headed to a price of $4,000 for each ounce.

Speaking during an interview, McGlone revealed that his prediction is premised on the observation that the stock market is in the initial stages of a bear market. This market shift, he says, supports precious metals. He adds that gold is consolidating itself around the $3,000 price point and it is just a matter of time before it enters $4,000 territory. Any price movements between its current price and $4,000 will simply be for the benefit of traders, and he has no doubt that bullion will eventually reach $4,000.

ETF inflows, central bank purchases and macro-level uncertainties have enabled gold to register year-to-date gains of 25%. Several financial institutions have revised their price forecasts for this metal upwards. For example, Goldman Sachs upped their prediction for this year to $3,700.

McGlone says that gold’s current strength is stemming from major structural shifts in which capital is exiting speculative assets. He says high debt levels and the current tariff environment create conditions that could result in higher levels of inflation. In such an environment, he says, gold is bound to thrive in a big way.

In contrast to gold’s upward momentum, equities and Bitcoin are tumbling. McGlone points out that the total market cap of U.S. equities has reduced by $6 trillion so far in 2025. This is 50% of the market cap appreciation recorded in 2023. McGlone foresees further market cap losses going forward.

He says the current downturn in the price of Bitcoin is unlikely to be a short-term market correction and he advises those looking to buy this dip to wait since there is a likelihood that further price reduction is coming.

The strategist also draws attention to inflation expectations among American consumers worsening. He explains that too much liquidity was created and the Fed took too long to act. When it eventually did, it increased interest rates too aggressively and the economy is stressed as a result of the high interest rates coupled with persistent inflation.

As a result of these conditions, McGlone says a lot of capital is moving to gold as bonds and stocks lose their appeal. He adds that if the current surge of gold continues, increased investor interest is bound to be directed towards gold mining firms. As that happens, companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) with gold-rich properties could see increased capital injections into their operations.

About Rocks & Stocks

Rocks & Stocks (“R&S”) is a specialized communications platform delivering deep insights into the mining industry. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, R&S is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, R&S brings its clients unparalleled recognition and brand awareness.

R&S is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from Rocks & Stocks, text “Rocks” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://RocksAndStocks.news

Please see full terms of use and disclaimers on the Rocks & Stocks website applicable to all content provided by R&S, wherever published or re-published: https://RocksAndStocks.news/Disclaimer

Rocks & Stocks
Los Angeles, CA
RocksAndStocks.news
310.299.1717 Office
Editor@RocksAndStocks.news

Rocks & Stocks is powered by IBN