I noticed that gold experienced a real frenzy at the beginning of this year. It jumped to nearly $5,600 in January, a historic level we haven't seen before. But the story didn't last long — it entered a sharp correction in March and declined significantly, currently moving around $4,700–$4,800.

The question everyone is asking now: Will the gold price fall further or will it rebound? The scene is really complex. On one hand, we have ongoing demand from central banks and investors worried about geopolitical instability. On the other hand, the strength of the dollar and rising bond yields are putting strong pressure on it.

Large financial institutions have forecasted different levels — JPMorgan expects $6,300 by the end of the year, while UBS says it could reach $7,200 in a very optimistic scenario. But Morgan Stanley is more cautious and predicts a minimum of $4,600. The average from Reuters surveys is around $4,746.

The truth is, gold has remained at historically high levels despite the correction. Everything depends on what central banks will do with interest rates and geopolitical developments. If global tensions continue, we might not see a big drop. But if there’s a sudden improvement in conditions, a further decline is very possible.

For those thinking of buying now — it’s important to set your goals first. Do you want to protect your money from inflation in the long term, or are you betting on a quick rise? Gold is a safe haven, but not a guarantee of quick profits. Major factors influencing it include inflation, dollar strength, Federal Reserve policies, and global crises.

Ultimately, gold has maintained its value over time. The question is not only whether the gold price will fall, but whether you are prepared for short-term volatility in exchange for long-term protection. It depends on your personal strategy.