Société Générale analysts forecast $5000 gold price
From thearmchairtrader.com
Gold has rarely glittered so brightly. The precious metal now trades above $4,100 (£3,390) an ounce, and analysts at Société Générale think it could climb as high as $5,000 (£3,769) by the end of 2026. Investors continue to pour into exchange-traded funds backed by bullion, while central banks keep adding to their hoards. In an era of fractious geopolitics, stubborn inflation and jittery markets, the oldest of safe havens has reasserted its appeal. The latest data from the World Gold Council show that global reserves have risen to an unprecedented £3.6trn, up nearly half since the end of 2024. Much of that increase ...
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