Gold Surges to Record $3,800 as Wall Street Eyes $4,000 Target

Gold futures (GC=F) breached $3,800 for the first time in history, with spot prices hovering NEAR $3,780 per ounce. The rally comes as institutional analysts project further gains, citing Federal Reserve policy shifts and dollar weakness as key catalysts.

Goldman Sachs reaffirmed its $4,000 price target for mid-2025, while UBS Global Wealth Management emphasized gold's role as a hedge against macroeconomic uncertainty. "US real interest rates should fall further amid additional Fed easing and persistent inflation," said CIO Ulrike Hoffmann-Burchardi.

Central bank accumulation continues to drive demand, with UBS predicting Gold ETF holdings will approach 3,915 metric tons by 2025—nearing the 2020 record. The Swiss bank set a $3,900 interim price target, underscoring the metal's momentum.