State Street Forecasts Gold at $4,500-$5,250 in Base Case Over Next 12 Months

Cointime reports: State Street Investment Management on Nov. 5 set a base-case forecast of $4,500 to $5,250 per ounce for gold over the next 12 months, assigning that scenario a 60% probability. The firm noted gold fell 6.8% in October while spot silver dropped 18.7%. It said the next $1,000-per-ounce move is more likely upward than downward, potentially in 2027, with a bear case of $3,750-$4,500 at 35% probability.