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Gold forecast signals drop to 3800
An economic expert predicts that the gold price may decline to around $3,800-$3,900 per ounce, with the possibility of reaching between $5,000 and $6,000 by 2027. This is attributed to the rise in U.S. bond yields, which are currently hovering around 5%, reducing the appeal of buying at current levels. He emphasized the importance of a dollar-cost averaging strategy and advised against waiting for a specific price point, noting that gradual decline and patience are best for investors. This outlook aligns with Morgan Stanley's forecast, which considers gold one of the best commodity options in 2027.
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