Institution: The price of gold may stay between $3,100 and $3,500 per ounce this year.

The strategy analyst at Fortress Global Investments stated that for the remainder of this year, the gold market may have already shifted to a higher price range above $3,000 per ounce. The fundamental scenario forecast from Fortress Global Investments suggests that even if global trade tensions ease, gold is still expected to maintain record high prices in the range of $3,100 to $3,500 per ounce this year. "Our optimistic scenario predicts that under certain macroeconomic conditions, including stagflation and accelerated de-dollarization, the price of gold will approach $4,000 per ounce in the next six to nine months." These strategy analysts believe that several theme factors support a bullish gold price environment, such as the potential increase in inflow of funds into gold ETFs, the rebound in Chinese consumer demand for gold, and expectations for a rate cut by the Federal Reserve.