EconomyWall Street turns bullish on gold despite rate fears, sees $5,000 by end-2026
Investment banks say gold could test US$5,000 an ounce by the end of 2026, supported by central-bank demand to diversify foreign reserves. Strong labour data and the Federal Reserve’s hawkish tone have raised monetary-tightening concerns, but RBC Capital Markets forecasts US$4,929 by year-end and US$5,296 in 2027, joining bullish calls from Goldman Sachs and State Street Investment Management.
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South China Morning Post★★★☆☆2026-09-07 06:00Original
Wall Street turns bullish on gold despite rate fears, sees $5,000 by end-2026
Economy