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Gold reclaims shine amid $5400 forecast
Gold prices have risen significantly, with futures reaching around $4,648 per ounce, an increase of 1.67%. Spot prices also climbed to $4,588, resulting in an approximately 4.7% weekly gain. This rebound is attributed to increasing tensions in the bond markets, a weakening dollar, and concerns over rising U.S. debt—especially following the U.S. government's announcement of increased purchases of long-term bonds and the federal debt surpassing $40 trillion for the first time. Analysts expect gold prices to reach $5,400 in the coming months, supported by continued dollar weakness and forecasts of rising central bank gold reserves.
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