Gold breaks new record on Greenland tariff threats, with forecast of $7,000 on the cards

Core Viewpoint - Gold prices have reached a new record above $4,800, driven by investor demand for safety amid tariff threats and global trade war concerns [1] Group 1: Market Trends - Gold has maintained its momentum entering 2026, supported by geopolitical tensions, declining real interest rates, and diversification efforts by investors and central banks away from the dollar [2] - Analysts predict bullish forecasts for gold prices, with expectations to exceed $5,000 this year due to lower U.S. real rates and continued Federal Reserve easing [3] Group 2: Analyst Predictions - Julia Du, a senior commodities strategist, forecasts gold prices could rise as high as $7,150, emphasizing gold's significance following a record-breaking 2025 [3] - The London Bullion Market Association highlights gold as a key investment narrative, reflecting strong market sentiment [3]