"Not helping, gold and silver are a bit wobbly this morning. Gold is down by $70. Silver is down by about $4.10. As investors lock in profits at record highs, and as the U.S. dollar firms slightly. However, we don't expect weakness in gold and silver to last long. In fact, with geopolitical tensions boiling and expectations of more U.S. interest rate cuts are likely to send both screaming higher again."
""Analysts attribute the surge to a combination of factors, including aggressive central bank buying, strong inflows into gold-backed exchange-traded funds, persistent geopolitical instability, and demand from investors seeking a hedge against currency volatility and macroeconomic risk," added Investing.com. From here, a good number of analysts still say gold could rally above $5,000. Bank of America, for example, is targeting $5,000 by 2026. JPMorgan is targeting $5,055. HSBC analysts are targeting $5,000 by early 2026, too."
Major U.S. indices retreated after recent records: the S&P 500 fell about 21 points, the SPDR S&P 500 Trust dropped roughly $1.89, the Dow lost 67 points and the Nasdaq fell about 119 points. Gold declined near $70 and silver about $4.10 amid profit-taking and a firmer U.S. dollar. Analysts expect the weakness to be temporary and foresee renewed rallies driven by geopolitical tensions, prospective U.S. rate cuts, central bank buying and strong ETF inflows. Several banks target gold above $5,000 by 2026. A Dogs of the Dow 2026 list and accompanying yields are presented as potential income plays. The Dogs strategy buys underperforming, dividend-paying Dow stocks and sells by year-end.
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