Potential Gold Gain: Up to $5,000 - Here's How You Can Grab It!

Gold prices are on the rise, and leading financial institutions are bullish on the precious metal's future. Goldman Sachs, in particular, sees gold as its top conviction long recommendation, predicting the price to reach $4,000 by mid-2026.

According to Goldman Sachs, a 1% shift of privately-held bond volume into gold is necessary to reach the $5,000 target. This optimistic forecast comes after the investment bank raised its year-end gold price forecast to $3,700 per ounce.

J.P. Morgan also shares a bullish stance, predicting the gold price to reach $4,250 per ounce by the end of 2026.

Recent questions about the independence of the Federal Reserve have further fuelled gold's rally. Analysts believe a gold price of $5,000 is possible due to potential threats to central bank independence.

The market expects interest rates to fall, with some predicting a 50 basis point cut. This could potentially drive investors towards gold as a safe haven asset.

Last Friday, gold received a boost due to a weak U.S. jobs report. The ISIN for gold is XC0009655157.

Meanwhile, in the stock market, Newmont is the second-best performing stock in the S&P500 this year.

For those interested in investing in gold, Goldfolio, a newsletter for gold and silver stocks, has generated significant profits. The portfolio is up over 46% year-to-date. Goldfolio is currently offering a test for €48.

However, it's worth noting that no public information is currently available identifying the head of a Goldman Sachs research team who is optimistic about gold and forecasts a gold price of $5,000 per ounce.

As always, it's essential to conduct thorough research and consult with a financial advisor before making any investment decisions.