State Street: Still Targeting $5,000/oz This Winter — But the Path Isn't Linear

State Street's gold strategy team says its $5,000-an-ounce target for gold this winter remains intact, even as recent volatility shakes the market. In its latest monthly gold monitor, the team cautions that the road higher is unlikely to be a straight line, with shifting expectations around interest rates likely to spark pullbacks along the way. For investors, the message is that patience matters: the structural forces supporting gold remain firmly in place.

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