Gold Climbs to New Heights Amid Rate Cut Bets

    •  Bank of America and Société Générale have raised their gold forecasts, seeing potential for it to reach US$5,000/ounce by 2026.  

    •    Global gold ETFs had a record inflow in September, contributing to higher holdings and pushing prices upward.  

    •    On the technical side, gold is showing overbought conditions, so while the trend remains bullish, some caution is warranted for near-term corrections.  

Bottom line: Gold remains in strong demand as a hedge against uncertainty, with upside potential if rate cuts materialize or geopolitical risks intensify. Over the past year, it is up- 56.24%.