Econometric assessment ties the gold price 2030 forecast to commodity supercycle narratives, implying that synchronized emerging market growth will extend multi-year bull phases in hard assets. Iraq Restarts Kurdish Oil Flows . Iraq has successfully restarted flows via the Kirkuk-Ceyhan pipeline, with Kurdish oil flowing towards the Mediterranean for the first time since March 2023 as pipeline flows are reportedly amounting to 150,000-160,000 b/d after their resumption. Central bank policies are a critical driver and a significant implication of gold's future. Global central banks, particularly those in emerging markets, are actively diversifying their reserves away from traditional currencies like the U.S. dollar, with gold purchases providing a structural tailwind for prices. This strategic shift underscores gold's enduring role as a monetary anchor and hedges against geopolitical risks. Historically, gold bull markets have coincided with periods of high inflation, geopolitical instability, and a devaluation of fiat currencies, such as the 1970s oil shocks and the post-2008 financial crisis era of quantitative easing. The current environment, characterized by monetary expansion, persistent inflation, and rising geopolitical tensions, bears striking resemblances to these past episodes, reinforcing the expectation of a continued gold supercycle. Several banks outline a gold price 2030 forecast surpassing $3,000/oz under continued US dollar depreciation. Currency traders monitor DXY levels closely, as weakening greenbacks typically push precious metals higher, impacting mining stock valuations.