European equities held firm as auto and bank sector losses were offset by gains in tech and mining stocks, with investors eyeing Fed signals and the Euro Stoxx 50 showing a bullish technical setup.
Gold price breaks above $3707.56, targeting $3879.64 as Fed rate cut bets and ETF demand fuel a bullish gold rally.
Gold price forecast eyes $3800 as traders await PCE data and Fed sentiment shifts to confirm bullish trend.
Gold price forecast turns bullish as Fed rate cuts and strong India demand push XAU/USD near record highs, with $4000 target now on the radar.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Alli McCartney, Managing Director at UBS Private Wealth Management, and Philip Straehl, CIO Americas at Morningstar Wealth, discuss rate cuts, small caps, market valuations, and gold.
Bridgewater founder Ray Dalio said Friday that gold and non-fiat currencies will become stronger stores of value as major currencies face devaluation risks amid mounting debt pressures globally. "We are going to see non-fiat currencies become more important store of wealth and money," said Dalio, urging investors to diversify their assets with around 10% of their portfolio in gold.
Gold steadies near $3,656 as geopolitical tensions lift demand, while silver holds $42.18. Strong U.S. data and a firm dollar cap upside momentum.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold's climb has already taken it to Deutsche Bank's old 2026 target of $3,700 an ounce, but the bank thinks the run has further to go. Its new call is for an average of $4,000 next year, with silver tipped to reach $45 from a previous $40.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold price forecast: Dovish Fed expectations and ETF inflows support bullish setup. $3,703 remains critical resistance for next gold rally.