Loading ...$4,030 gold up $44. Silver up $.75 erasing yesterday’s losses.
Dollar up again. Rates flat. They seem to matter less and less.
Goldman raises 2026 target:
Ahead of the historic breakout, Goldman this morning raised its 2026E gold price forecast from 4,300 to 4,900, a move which the bank believes will still be supported by:
- Central bank buying to average 80/70 tonnes in 2025/2026 (contributing 19pp by Dec26).
- Western ETF holdings to rise as the Fed cuts the funds rate by 100bp mid-2026 (contributing 5pp by Dec26).
- Speculative positioning to gradually normalize (contributing -1pp by Dec26)
Gold Tops $4,000 For The First Time, And How Goldman Is Trading The Meltup From Here | ZeroHedge
Supposedly retail and ETF’s aren’t involved yet. Yikes.
Long night left and they surely could reverse this but looking good at the moment.