Gold Could Hit $5,000 by Year-End, ING Analysts Say; Spot Futures at $4,736

GateNews

According to ING Group analysts, on May 11, gold prices could reach $5,000 by year-end, driven by geopolitical tensions and inflation expectations. Gold futures rose 0.1% to $4,736 per ounce as markets await U.S. CPI data for clues on interest rate paths. A sustained easing of Iran-related tensions would support further gold appreciation.

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