Standard & Poor's: Gold is expected to rise to $5,000
2026-08-04 00:26:29
According to CoinMeta, and as reported by Bloomberg, Suki Cooper from Standard & Poor's stated that gold is expected to resume its upward trend, with a target price of $5,000. She pointed out that central bank demand, geopolitical uncertainties, and portfolio diversification remain strong supporting factors. Moreover, the recent resilience in prices indicates that, despite rising yields and weak holdings of ETF, gold has established a sustainable bottom.
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Source:Bloomberg
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