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39m ago

Gold Hits Fresh Record Near $3,977 as Goldman Lifts 2026 Target to $4,900

Safe-haven demand tied to Fed-easing bets propels bullion.

Gold bullion is displayed at Hatton Garden Metals precious metal dealers in London, Britain July 21, 2015. REUTERS/Neil Hall
Gold is really roaring.
The price of bullion is on track to hit $10,000 by the end of the decade, according to Yardeni Research president Ed Yardeni
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Overview

  • Spot bullion touched a new peak at $3,977.19 and traded around $3,960 early Tuesday, extending 2025 gains to roughly 50%, according to Reuters.
  • Indian benchmarks set fresh records, with Delhi spot near Rs 1,30,300 per 10 grams and MCX futures above Rs 1.20 lakh, while silver jumped to about Rs 1.57 lakh per kg and neared $48.7 globally.
  • Analysts cite robust central-bank purchases, renewed ETF inflows, a softer dollar, and uncertainty from the U.S. government shutdown alongside expected Federal Reserve rate cuts.
  • State Street sees about a 75% chance gold breaches $4,000 by late 2025 or early 2026, and Goldman Sachs raised its December 2026 forecast to $4,900 on sustained ETF and official-sector demand.
  • Caution flags are rising, with Bank of America’s technical team warning that overbought signals and stretched momentum elevate the risk of a pullback.