Adam Hamilton, founder of Zeal Intelligence, forecasts a significant rise in gold prices as U.S. investors seek refuge from the stock market and artificial intelligence bubble burst.
Gold Prices Poised to Surge as AI Bubble Bursts, Says Analyst Adam Hamilton
Adam Hamilton, founder of financial consulting firm Zeal Intelligence, predicts a sharp rise in gold prices as American investors turn to precious metals in response to stock market volatility and the potential collapse of the artificial intelligence (AI) bubble. Hamilton suggests that as confidence in traditional stocks and AI fades, investors will flock to gold, driving prices even higher.
In an article for Mining.com, Hamilton highlighted how gold has already seen a 38.7% rise in less than 11 months, reaching several all-time highs. This surge occurred without the typical factors that influence gold prices, such as significant demand from U.S. investors. Instead, Chinese investors, central banks, and gold futures speculators have been the primary drivers of this bull market.
U.S. Dollar’s Decline and Gold’s Rise
Hamilton also pointed to the weakening U.S. dollar as another reason for the growing demand for gold. “With out-of-control U.S. government spending and soaring Treasury interest expenses, the U.S. dollar’s fundamental outlook is bleak,” Hamilton stated. He emphasized that gold remains the most reliable hedge against inflation and fiat-currency devaluation.
He further predicts that if just $100 billion — which he calls “pocket change” in the stock market — shifts toward gold, prices could exceed $2,950 per ounce. As stock market turmoil continues, Hamilton believes it could take months, if not years, for investors to allocate even 1% of their portfolios to gold, pushing the bull market even further.
Other Analysts Agree
Hamilton’s bullish outlook is supported by other analysts and financial institutions. Goldman Sachs recently forecasted gold prices to hit $2,700 per ounce as soon as next year, demonstrating a high level of confidence in the continued rise of the precious metal.
As economic uncertainty grows and traditional investments lose appeal, gold is once again emerging as a safe haven for investors, with significant gains expected in the near future.
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