Gold Prices Could Hit $5,000 If This Happens, Says Goldman

Core Viewpoint - Gold prices have increased by nearly 9% over the past month, driven by expectations of a dovish shift from the Federal Reserve regarding interest rate reductions [1] Group 1 - The recent rise in gold prices is attributed to market optimism surrounding potential interest rate cuts by the Federal Reserve [1] - The increase in gold prices reflects a broader trend of investor sentiment favoring safe-haven assets amid economic uncertainty [1]