At record highs, gold could soon test $5,000.
All as escalating tensions in Iran, mounting political pressure on the U.S. Federal Reserve, economic issues, and aggressive buying by global central banks boost demand.
According to analysts at HSBC, rising geopolitical risks could push gold above $5,050 during the first half of the year. “We believe that gold will continue to benefit from strong central bank demand, ongoing concerns over a weaker US dollar, and sustained interest in gold-backed ETFs,” HSBC said, as quoted by Mining.com.
Analysts at UBS say gold could rally to $5,000 by the third quarter, with the potential for $5,400 if political and economic risks mount. Bank of America is calling for $5,000 gold. JPMorgan is calling for $5,000 gold by the end of 2026.


