Gold Prices Eye $6,000 as Haven Demand Drives Rally

Spot gold prices are approaching $5,000 amid easing geopolitical tensions over Greenland, with investors seeking haven assets. Silver has also surged past $100 for the first time, while platinum exceeds $2,700. Strategists predict further gains, with some forecasting gold to reach $6,000. Citi's Kenny Hu raised near-term targets to $5,000 for gold and $100 for silver, noting silver may outpace gold. Goldman Sachs projects a year-end gold price of $5,400, citing private sector diversification. However, moderating geopolitical risks may temper demand later in 2026. Meanwhile, Bitcoin, often dubbed "digital gold," has failed to mirror gold's recent rally.