PANews|Aug 22, 2026 15:47
[Analysis: Structural Support and Core Catalysts Align, Gold May Emerge from Q2 Plunge Shadow]
According to CNBC, driven by a combination of multiple factors, gold is expected to recover from its worst quarterly performance in a decade. Amid the dual dynamics of long-term structural deficits and short-term corrections, Wall Street is anchoring its 12-month price target for gold at $5,400.
Recent fluctuations in U.S. long-term Treasury yields and the U.S. government debt surpassing $40 trillion have reignited investor concerns over fiscal risks. At the same time, the continued weakness of the U.S. dollar has further enhanced gold's appeal. Giovanni Staunovo, a commodities analyst at UBS (America), stated that rising global debt levels and a weakening dollar, which drove gold's rally last year, have resurfaced. He predicts that gold prices could rise to $5,400 per ounce over the next 12 months.
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