Gold Target Price of $5,400 in the Next 12 Months

Gold is expected to emerge from the shadow of its worst quarterly performance in a decade, with a target price set at $5,400 by Wall Street for the next 12 months. Fluctuations in U.S. long-term Treasury yields and a government debt exceeding $40 trillion have heightened investors' concerns about fiscal risks, while the continued weakness of the dollar has increased gold's appeal. Giovanni Staunovo, a commodity analyst at UBS, stated that rising global debt levels and a weakening dollar had previously driven gold prices up last year, and these factors are returning, suggesting that gold prices could rise to $5,400 per ounce. The U.S. Treasury Department has announced an expansion of long-term Treasury buyback programs to alleviate pressure in the Treasury market, which has pushed Treasury yields lower and put pressure on the dollar, thereby boosting gold prices. However, analysts warn that gold still faces significant macroeconomic resistance and potential pullback pressure in the short term.

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