Gold in a week…rising prices touching 5,000 per ounce

Continue Gold,At the end of last week, Recording new record levels, approaching the barrier of $5,000 per ounce, supported by investors’ desire for safe havens, amid expectations of a decreaseInterest ratesAmerican.

Gold prices rose yesterday, Friday, to Standard level New, exceeding the barrier of $4,900 per ounce for the first time in its history.

Gold jumped in spot transactions to a record peak at $4,904.66 per ounce by 17:50 GMT, while US contracts Gold futures for February delivery rose 1.2% to $4,896.2 an ounce.

This price rise comes one day after gold prices declined on Thursday, halting the rise that lasted for 3 sessions, as it reinforced the decline in tensions over GreenlandFrom the attractiveness of risky assets, with the precious metal under further pressure due to diminishing expectations for a reduction in US interest rates in the near term.

Goldman Sachs raised its price forecast Gold at the end of 2026 To $5,400 per ounce from $4,900 per ounce previously, representing an increase of about $500, indicating that central banks in the private sector and emerging markets are diversifying their investments in gold.
The bank said in a note published last Wednesday: "Our expectation is that private diversification buyers, who bought to hedge global policy risks and contributed to the positive surprise to our price forecasts, will not divest their gold holdings in 2026, which would effectively raise the starting point of our price forecasts."
It is expected "Goldman Sachs" Central bank purchases of gold will also average 60 tons in 2026, as central banks in emerging markets are likely to continue diversifying their reserves of the precious metal.