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Dow Jones NewsMay 22, 1:49 AM UTC
DJ Gold to Hit $3,750/oz by 4Q on Safe-Haven Demand, Weakening Dollar -- Market Talk
0149 GMT - Gold should gradually rise to $3,750/oz by 4Q on likely safe-haven demand and a weakening U.S. Dollar, says Vivek Dhar of CBA's Global Economic & Markets Research in a research report. "The threat of military strikes against Iran can't be ruled out and raises the stakes if U.S.-Iran talks remain deadlocked," the analyst says. Safe-haven demand will probably favor gold more than it has in the past, Dhar says, noting that the precious metal has outperformed both USD and Treasurys following the increase in U.S. tariffs. CBA also sees USD gradually falling through 2H 2025 and 2026. Spot gold is 0.7% higher at $3,339.72/oz. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 21:49 ET (01:49 GMT)
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