Manager of $24 billion gold ETF sets target for 2030
VanEck — manager of a $24 billion gold miners ETF — issued a bullish long‑term outlook, projecting that gold could climb to $5,000 per ounce by 2030, backed by strong central‑bank demand, rising investor inflows into gold‑related ETFs, and growing macroeconomic uncertainty.
Gold prices surged ~60% in 2025 amid inflation, tariffs, and economic uncertainty.
VanEck argues gold is transitioning from a “cyclical safe‑haven” to a “structural hedge,” as central banks — especially in emerging markets — accumulate bullion, reducing reliance on the U.S. dollar.
According to VanEck, gold‑miners (ETF holdings) have outperformed many global stock indices in 2025, reflecting strong margins and renewed investor interest.
VanEck’s 2030 target of $5,000/oz suggests that gold isn’t just a short‑term refuge — rather, it’s being positioned as a foundational asset for long‑term portfolio hedging. If central‑bank buying continues and geopolitical or economic uncertainties deepen, gold could increasingly take on a role similar to a “global reserve‑class” asset.
