Gold Price Soars to New Record: Experts Predict Further Surge Amid Global Tensions

• Gold prices hit a new all-time high, surpassing $4,800 per ounce in the international market due to rising global tariff tensions, the Greenland crisis, and trade war fears.
• Analysts surveyed by LBMA predict gold could cross $5,000 per ounce by 2026, driven by potential US interest rate declines and a dovish Federal Reserve policy.
• ICBC Standard Bank's Julia Du offers an aggressive estimate, suggesting gold prices could reach $7,150 per ounce under current conditions.
• Goldman Sachs maintains a bullish outlook, targeting $4,900 by year-end, citing strong central bank purchases and increasing private investor participation.
• Geopolitical developments, interest rate trends, and dollar movement are key factors influencing gold's future, making it a strong safe-haven asset.

Why It Matters: Gold prices are at record highs with expert predictions of significant further increases due to global instability.