Recently, an interesting market observation has caught the eye, which is about the gold market. According to data from the S&P Global Equity Team, the AI-driven market rally still has the potential to remain strong. Especially when we see that momentum indicators have not yet entered the overbought zone, meaning there is still room for growth.

S&P analysts believe that if strong results come in the corporate earnings season, this AI-driven boom could accelerate further. Particularly in the AI infrastructure sector, where IT companies are expected to see a 44 percent increase in EPS in the first quarter compared to the previous year.
Here's an interesting point: S&P is also keeping an eye on gold prices. They have forecasted that gold could reach $5,400 per ounce by the end of the year. This forecast is based on several factors — the diversification demand of central banks worldwide, normalization of speculative positions, and the potential rate cuts by the Federal Reserve.
According to S&P's outlook, gold mining companies could also benefit as their free cash flow is improving and dividend prospects are increasing. Seeing this multi-faceted growth picture, there are broad opportunities indicated in the market.