Gold Price Trends: Spot gold prices have fallen below $3,900 per ounce due to easing US-China trade tensions, but analysts view this as a temporary pullback rather than a long-term decline, with strong structural support for gold prices remaining intact.
China's Influence: China's central bank buying, arbitrage trading, and increased demand for gold among households are significant factors driving the bullish outlook for gold, according to Apollo Global Management’s chief economist.
Macroeconomic Factors: The World Gold Council highlights gold's resilience amid macroeconomic uncertainty, with concerns over growth and inflation prompting investors to seek safe-haven assets like gold, especially as U.S. equities face valuation risks.
Future Projections: JP Morgan forecasts that gold prices could average $5,055 per ounce by Q4 2026, driven by sustained investor interest and central bank purchases, with lower real yields and stagflation concerns providing ongoing support for the metal.
Wall Street analysts forecast GLDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast GLDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 95.540
Low
Averages
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Current: 95.540
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
