Gold Price Surges Past 4,000 USD for First Time Ever
Gold prices have surged to new heights, with the futures market seeing its first-ever price above 4,000 USD at the Comex exchange. This significant milestone is driven by investors' increased security needs and fears of currency devaluation.
The current gold price stands at 3,980.67 USD per ounce, as reported by JFD Brokers. However, the Ichimoku trend following system paints a bullish picture, indicating a perfect uptrend with five consecutive bullish signals. This positive outlook is echoed by US investment bank Goldman Sachs, which has revised its gold price forecast for December 2026 to 4,900 USD per fine ounce. Goldman Sachs attributes this upward revision to strong inflows into gold ETFs and robust demand from central banks.
Gold's impressive run continues, with the precious metal breaking through the 4,000 USD barrier. Positive indicators and expert forecasts suggest that this upward trajectory may persist, driven by investors' thirst for security and central banks' demand.
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