Reported 1 day ago
For the first time, gold prices have exceeded $4,000 an ounce, driven by rising demand from investors seeking safe havens amid geopolitical and economic uncertainty. Analysts point to a surge in gold purchases influenced by concerns over the U.S. dollar's stability and government debt. Major financial institutions, including Goldman Sachs, predict that gold prices will continue to rise, potentially reaching $4,900 by the end of 2026, as central banks and retail investors drive demand. Despite the current boom, analysts warn that a drop below $3,715 could signal a significant pullback.
Source: YAHOO