Analyst expectations are $2000 by year end.
I think that may still be too cheap for USD, considering the US has never conducted QE on such a massive scale as earlier this year (and now).
time will tell ...
One Bank Warns Buying Gold Is The Only Hedge Left For The 'Great Debasement'
'... Hartnett writes that interest rate repression means 'investors can't hedge the inflationary risk of $11tn of fiscal stimulus via 'short bonds'…so investors crowding into 'short US dollar', 'long gold' hedges.'
'That leaves long gold as the only natural hedge to the central bank 'all in' bet of kicking the can until something breaks. That something will likely be gold exploding higher first above $2,000... then $2,500... then $3,000 at which point the Fed's control over fiat currencies, as well asthe illusion that there is no inflation, and the financial regime will finally collapse.'https://eliteeservices.blogspot.com/2020/07/one-bank-warns-buying-gold-is-only.html