🚨 GOLD CLIMBS TO $4,878 AS SAFE-HAVEN DEMAND STAYS STRONG
Gold climbed to $4,878/oz on Friday, its highest level since March, marking a fourth consecutive weekly gain despite broad optimism around the Iran ceasefire.
The metal is up 41.64% over the past 12 months and 0.93% over the past four weeks, extending one of the most dominant asset performances of 2026.
Drivers remain structural: US-China tariff tensions, a weakening dollar, persistent inflation fears, and growing expectations for Fed rate cuts later this year. CME FedWatch currently pegs roughly 68% odds of at least one cut before year-end.
JPMorgan Global Research forecasts gold reaching $5,000/oz by Q4 2026, with $6,000/oz possible longer term. The bank expects quarterly investor and central bank demand to average 585 tonnes in 2026.
Silver has surged alongside gold, climbing to $82.52/oz with a 4.74% gain on Friday alone. GLD has seen consistent weekly inflows since February.
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