Gold Rally Targets $7,150 as Safe-Haven Demand Strengthens Amid Trade Tensions
TL;DR Summary
Gold rose above $4,800 as tariff threats and fears of a global trade war boosted safe-haven demand, supported by momentum from 2025; ICBC Standard Bank's Julia Du sees gold potentially hitting $7,150 if trends persist, LBMA forecasts imply over $5,000 this year, and Goldman Sachs has named gold a top conviction trade, with technicals broadly skewing bullish.
- $7,150 Price Target Emerges for Gold as Metal Hits New High TipRanks
- Gold notches record above $4,700/oz, silver hits all-time high Reuters
- Gold Rally Cools as Trump Cites Greenland Framework With NATO Yahoo Finance
- Gold breaks new record on Greenland tariff threats — $7,000 level on the cards CNBC
- US futures edge higher and gold hits another record as markets swoon over Greenland dispute ABC News
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