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Everything’s supposedly rosy on Wall Street—but gold is rallying higher as investors seek safety in government shutdown
Yahoo Finance·2025-10-02 18:34

Wall Street is brushing off recession risks and the ramifications of a government shutdown, with stocks at healthy highs and interest rate cuts expected soon. Yet gold is telling a different story: prices have surged more than 45% over the past year to nearly 3,870,asinvestorsandcentralbankspileinforsafety.GoldmanSachsnowseesgoldpricesreaching3,870, as investors and central banks pile in for safety. Goldman Sachs now sees gold prices reaching 4,300 by late 2026, with analysts expecting buyers will be driven by diversification away from Treasuries, de-dollarization, and geopolitical risks ...