Gold prices hovered close to record territory on Monday, supported by mounting expectations that the U.S. Federal Reserve will cut interest rates this month, following weaker-than-expected labor market data.
Gold prices moved within a narrow range on Thursday as investors awaited clearer signals on the U.S. Federal Reserves policy outlook ahead of the Jackson Hole Symposium in Wyoming, running August 21 to 23.
Fidelity International anticipates that gold prices could rise to 4,000 per ounce by the end of 2026, supported by a combination of macroeconomic factors. These include expectations of U.S. interest rate cuts, a weakening dollar, and continued accumulation of gold reserves by central banks worldwide.
Gold prices experienced a notable increase, driven by rising global economic uncertainty and renewed trade tensions between the United States and China. The precious metal benefited further a weakening U.S. dollar, prompting a flight to safe-haven assets amid concerns of a deeper-than-expected global slowdown.
In a world marked by escalating geopolitical tensions and volatile financial markets, gold has forcefully reasserted its position as a safe haven and reliable store of value. The yellow metals impressive performance in the first five months of 2025 signals not a temporary trend, but a structural shift in investor behavior and global market dynamics.
Several key factors have prompted major financial institutions to revise their gold forecasts upward. Notably, Citigroup raised its three-month price target for gold 3,150 to 3,500 per ounce. This upward revision reflects rising risks, including U.S. protectionist policies, budgetary concerns, and ongoing geopolitical conflicts in regions such as Ukraine and the Middle East.
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