# Wall Street turns bullish on gold despite rate fears, sees $5,000 by end-2026

https://mins.news/en/item/47934

- South China Morning Post, 2026-09-07 06:00 UTC
- Economy
- Original: https://www.scmp.com/business/china-business/article/3366597/can-gold-hit-us5000-wall-street-turns-bullish-despite-us-job-growth-fuelling-rate-fears?utm_source=rss_feed

> 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.