GOLD SEEN AT $5,000 AS ING FLAGS POLICY DRIVERS AND IRAN RISK Gold could reach $5,000 by year-end despite volatility tied to U.S.-Iran peac…
GOLD SEEN AT $5,000 AS ING FLAGS POLICY DRIVERS AND IRAN RISK
Gold could reach $5,000 by year-end despite volatility tied to U.S.-Iran peace prospects, according to ING analysts.
They say short-term moves remain driven by macro factors like real yields, the dollar, and Federal Reserve expectations, but easing headwinds should restore underlying support. A lasting resolution to the Iran conflict is seen as a key trigger for sustained gains.
Markets are now focused on Tuesday’s U.S. CPI data for rate outlook clues. Gold futures rose 0.1% to $4,736 an ounce.