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The Fed, The Dollar, And The Next Gold Crash
Forbes·2025-09-17 22:05

Gold bullion can be seen after being removed from casts at the ABC Refinery smelter in Sydney on April 29, 2025. (Photo by DAVID GRAY / AFP) (Photo by DAVID GRAY/AFP via Getty Images)AFP via Getty ImagesGold is shining at unprecedented levels, recently reaching approximately 3,700perounce,drivenbysafe−havendemand,centralbankpurchases,andtheanticipationofU.S.FederalReserveinterestratecuts.Analystsareeagerlyforecastingtargetsof3,700 per ounce, driven by safe-haven demand, central bank purchases, and the anticipation of U.S. Federal Reserve interest rate cuts. Analysts are eagerly forecasting targets of 4,000 and even $5,000. However, history warns us that w ...