State Street Strategist: Future Gold Price Fluctuation May Ease

On July 3rd, Jin10 reported that strategists from State Street Global Advisors have said that after 18 months of frenzied rise, the upward Fluctuation of gold prices may ease in the coming quarters. However, supporting factors including ETF fund inflows, Central Bank purchases, and a weakening dollar still favor gold prices rising until 2026. The strategists continue to believe that there is an 80% chance that gold prices will remain stable or rise in the next 6-9 months, and under a 30% weight bull run scenario, gold prices could reach $4000 per ounce. They added that a weaker dollar combined with the Federal Reserve potentially adopting dovish policies in the second half of the year could help gold attract more allocation from the record $7 trillion in money market mutual funds.