<div id="readability-page-1">Why $5,000 matters: Analysts argue that combined central bank and ETF demand could make $5,000 an ounce a lasting support level for gold. Central bank strategy: Emerging-market central banks have been replacing dollar reserves with bullion since 2022, accelerating after sanctions on Russia’s reserves. Investor shift: Western ETF investors, who largely missed the early rally, are now increasing positions, adding momentum to gold prices.</div>

GOLD

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<p>Analysts believe that $5,000 per ounce could become a stable support level for gold due to increased demand from central banks and ETFs. Emerging-market central banks have been replacing dollar reserves with gold since 2022, especially after sanctions on Russia. Additionally, Western ETF investors are now boosting their positions, contributing to rising gold prices.</p>

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Zijin Mining

ZHONGJIN GOLD

Newmont

Agnico Eagle Mines

SD-GOLD

Kinross Gold

VanEck Gold Miners ETF

SPDR Gold Shares

iShares Gold Trust

YieldMax Gold Miners Opt Inc Strgy ETF

GLOBAL X Gold Explorers

Microsectors Gold Miners 3x Leveraged ETN

Sprott GLD Miners Etf

VanEck Junior Gold Miners ETF

Us Gbl GLD & Met

Direxion Daily Gold Miners Bull 2X

Sprott JR Gold Miners ETF

Abrdn Gold ETF Trust

Roundhill Gold Miners Weeklypay ETF

SPDR Gold Minishares

iShares MSCI Global Gold Miners

Pro Ultr GLD

Direxion Daily Jr Gold Miners Bull 2X

Analysts see $5,000 as gold’s new price floor