Julius Baer Raises Gold Target to $4,500, CB Buying to Last 5 Years

Swiss private bank Julius Baer has increased its 12-month gold price target to $4,500 per ounce, citing strong fundamentals, steady central bank demand, and a cooling U.S. economy. The firm expects gold to reach $4,150 in three months and sees continued support from declining interest rate expectations and a weaker dollar. With central banks in emerging markets boosting gold reserves for diversification, Julius Baer believes the rally could sustain for three to five years, offering long-term opportunities for investors.