According to Odaily Odaily, international gold prices surged this morning Beijing time, breaking through $5,000 per ounce. As of press time, spot gold was up 1.1% at $5,043.093 per ounce, and COMEX gold was up 1.13% at $5,035.9 per ounce. Spot silver rose more than 2%, and COMEX silver rose more than 3%.
Regarding the future of gold, Goldman Sachs' latest report has raised its year-end gold price forecast from $4,900 per ounce to $5,400, citing increasing demand from private investors and central banks. Goldman Sachs expects central banks to purchase 60 tons of gold per month this year, and that ETF purchases will increase as the Federal Reserve cuts interest rates, further boosting valuations. A recent research report from Huaxi Securities predicts that gold prices may rise between 10% and 35% in 2026, while Jefferies Group has even set an astonishing target of $6,600 per ounce. (Securities Times)
