Target prices show shine ahead for gold; experts see upside for financiers

Analysts' target prices also indicates good upside for gold financiers

Global gold prices have rallied substantially as inflation has moderated. This seems counter-intuitive since the precious metal is a hedge against inflation. But it’s tied to the way gold is priced in USD. If the dollar is strong, gold prices moderate.

The USD has strengthened through the last year as the Fed tightened money supply and raised policy rates to curb inflation. As inflation shows some signs of easing, investors are hoping that the Fed will be less hawkish. That would mean a softer USD which would lead to higher gold prices.

Inflation remains at high levels, which pushes up