Gold Could Top $4,400/oz as Fed Eases Into Higher Inflation Environment

Core Viewpoint - Gold prices are projected to exceed $4,400 per ounce in the first half of 2026 due to Federal Reserve easing and ongoing demand from central banks and private funds [1] Group 1: Market Dynamics - Gold has reached a record high, surpassing $4,000 per ounce, driven by de-dollarization discussions and China's bullion custody plans [2] - Investor sentiment is influenced by fears of missing out and expectations of U.S. government shutdown leading to rate cuts, prompting increased gold investments [2] Group 2: Market Risks - The gold market appears overbought, with potential for a sharp near-term pullback if there are doubts about the pace of Federal Reserve easing or an increase in market volatility [2]