Gold Rally Targets $7,150 as Safe-Haven Demand Strengthens Amid Trade Tensions
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.