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However, after Goldman Sacks issued a surprise 2026 crypto prediction, JPMorgan has called the silver price top, alongside a huge gold and bitcoin price prediction.
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Gold’s (XAU/USD) rally came to an abrupt halt on Thursday. The precious metal dropped nearly 10% in less than 24 hours and is trading around $5,080 at the time of writing, with the $5,000 psychological level at a short distance.
This article contains references to products from our advertisers and/or partners, and we may receive compensation when you click on links to products and services Precious metal investing has always been an interesting ride.
After sprinting to a record $5,594 per ounce on 29 January, the gold price in US dollars tumbled more than 5% today, briefly slipping below $5,000. Lows tracked here at Exchange Rates UK showed $4,964.88. Silver and major cryptocurrencies plunged in sympathy, and Bitcoin lost over 2%.
The case for gold and gold miners is compelling for two reasons. Firstly, gold can serve as a strategic hedge against inflation. Secondly, some major miners extract silver, copper, and other essential metals for industrial applications,
Jan 30 (Reuters) - UBS has raised its gold price target to $6,200 per ounce from $5,000 for March, June and September 2026, citing stronger-than-expected demand stemming from increased investment. However,