There are a number of factors and everchanging variables that impact gold prices, and there is no definitive way of ascertaining how gold will move. Different experts have varying opinions on the bullion price trends for the medium term. However, most expect the immediate prices to remain muted. \r\rAs per Fitch Solutions, the ramp-up in vaccinations, rebound of global economic growth and strengthening US Dollar will keep gold prices steady with small bouts of volatility. Fitch expects gold prices to hover around US$1700 per troy ounce (oz) till 2022. \r\rThey expect an increase in bond yields which will further weaken gold prices through late 2022 and early 2023, going as low as US$1600 oz. A positive trend thereafter could see gold scaling up to US$ 2500 oz. by late 2024.\r\rConversely, Diego Parrilla, who manages the US$ 250 million Quadriga Igneo Fund, is extremely bullish on gold, expecting the prices to touch US$3000 - 5000 over the next three to five years on account of the damage that is expected due to imprudent monetary and fiscal policies and poor assets built on artificially low interest rates, which will highlight golds value as a hedge.