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State Street: The gold bull cycle still has room to rise, and gold prices may reach as high as $5,500 in the next 6 to 9 months.

金色财经_
Jinse Finance reports that on July 2, State Street Investment Management pointed out that although gold price trends may be more volatile compared to 2024-2025, the gold bull cycle still has room to rise, and the Fed's hawkish policy shift is not expected to change the structural trend of gold after the pandemic. State Street expects that gold prices could rise to $4,750-$5,500 per ounce over the next 6-9 months, with strong support at $3,750-$4,000 per ounce. However, compared to the macroeconomic environment in January-February, the possibility of gold reaching $5,500-$6,250 per ounce is lower.
GLDX0.59%
PAXG0.66%
XAU0.67%
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