Can gold hit US$5,000? Wall Street turns bullish despite US job growth fuelling rate fears
Gold will probably test US$5,000 an ounce by the end of 2026, as demand from central banks diversifying their foreign reserves remains strong, countering fears of US monetary tightening after strong labour data and a hawkish tone from the Federal Reserve, according to investment banks.
RBC Capital Markets is the latest to join the bullish camp, forecasting US$4,929 by year-end and US$5,296 in 2027.
That aligned with Goldman Sachs and State Street Investment Management, which predicted that gold...
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