Gold Pulls Back After Rally as State Street Sees $5,000 by Year-End - finance.biggo.com
Gold Pulls Back After Rally as State Street Sees $5,000 by Year-End - finance.biggo.com
Source: finance.biggo.com
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DW NOTE
State Street's $5,000 target assumes the current geopolitical premium persists indefinitely. Gold is up 33% year-over-year while sitting 16% below its January peak — the rally is real, but it's retracing a drawdown, not breaking new ground. The firm is extrapolating from a Hormuz closure that has already lasted six months and may not last six more.