The Economic Times reports that experts predict gold could reach $4,500 per ounce as investors flock to safe-haven assets amid rising trade tensions and recession fears. Goldman Sachs sees a near-term target of $3,700, while HDFC Securities cites strong demand driven by U.S. economic concerns and tariffs. Despite stock market gains, analysts say gold still has room to rise. They write:
Gold price could soon hit $4,500 per ounce, as global uncertainties continue to push investors towards safe-haven assets, experts said on Saturday. The sharp rise in gold prices is being driven by fears of a slowdown in the US economy, fuelled by President Donald Trump’s renewed tariff policies. […]
Damani predicted that gold will remain attractive as long as global policy uncertainty and trade issues persist.
