Gold Prices Show Resilience Amid Global Turmoil

Gold prices demonstrated resilience last week, recovering from a mid-week sell-off to close at $4,393.20/oz.

The metal's price action was influenced by escalating Middle East tensions and subsequent oil price fluctuations, which impacted inflation expectations and monetary policy.

Dorex CEO John Kochanski noted that gold's performance serves as a reminder that geopolitical uncertainty is complex and multifaceted, with various factors influencing the market.

Goldman Sachs Research recently maintained its forecast for gold to reach $4,900/oz by the end of 2026, citing central-bank diversification and investment demand.