--- title: "State Street Global Advisors: Prices are expected to break upwards towards the end of the year to early next year, reaching the level of $4,500 to $5,000" type: "News" locale: "en" url: "https://longbridge.com/en/news/294924616.md" description: "State Street Global Advisors stated that spot gold has recently consolidated around the support level of $4,000 per ounce, and the gold options market indicates that gold prices may maintain a range-bound pattern in the short term. The firm expects gold prices to hover slightly above $4,000 per ounce in the third quarter, with the potential to break upwards by the end of the year to early 2027, supported by strong demand for physical gold in China and continued accumulation of gold reserves by central banks in emerging markets, reaching levels of $4,500 to $5,000 per ounce. State Street noted that after recording negative returns for four consecutive months from March to June, spot gold rebounded by 1% in July, but is still down 6.3% year-to-date. Meanwhile, the fund flows into gold funds show signs of gradual stabilization, reflecting that investors are entering the market to buy on dips. Additionally, the Federal Reserve kept interest rates unchanged in July, but three members voted against the decision in support of a rate hike. The firm pointed out that the precious metals market has largely digested the Federal Reserve's inclination towards tightening monetary policy. If the Federal Reserve maintains interest rates unchanged for a longer period, it is expected to become a favorable factor driving gold prices further upward" datetime: "2026-08-05T07:15:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294924616.md) - [en](https://longbridge.com/en/news/294924616.md) - [zh-HK](https://longbridge.com/zh-HK/news/294924616.md) --- # State Street Global Advisors: Prices are expected to break upwards towards the end of the year to early next year, reaching the level of $4,500 to $5,000 According to Zhitong Finance APP, State Street Global Advisors stated that spot gold has been consolidating around the support level of $4,000 per ounce recently, and the gold options market indicates that gold prices may maintain a range-bound pattern in the short term. The firm expects gold prices to hover slightly above the $4,000 level in the third quarter and is likely to break upward to the range of $4,500 to $5,000 per ounce by the end of the year to early 2027, supported by strong demand for physical gold in China and continued accumulation of gold reserves by central banks in emerging markets. State Street noted that after recording negative returns for four consecutive months from March to June, spot gold rebounded by 1% in July, but is still down 6.3% year-to-date. Meanwhile, the fund flows into gold funds show signs of gradual stabilization, reflecting that investors are entering the market to buy on dips. Additionally, the Federal Reserve kept interest rates unchanged in July, but three members voted against the decision to support a rate hike. The firm pointed out that the precious metals market has largely digested the Federal Reserve's stance towards tightening monetary policy. If the Federal Reserve maintains interest rates for a longer period, it is expected to become a favorable factor for further increases in gold prices ### Related Stocks - [GLDW.US](https://longbridge.com/en/quote/GLDW.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [GLDI.US](https://longbridge.com/en/quote/GLDI.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [STT.US](https://longbridge.com/en/quote/STT.US.md) - [SPIN.US](https://longbridge.com/en/quote/SPIN.US.md) ## Related News & Research - [PRECIOUS-Gold hits seven-week peak as market participants weigh Hormuz reopening prospects](https://longbridge.com/en/news/295067079.md) - [PRECIOUS-Gold steady with Middle East turmoil, US jobs data in focus](https://longbridge.com/en/news/294752351.md) - [PRECIOUS-Gold eases as markets weigh Middle East uncertainty, inflation risks](https://longbridge.com/en/news/294710218.md) - [PRECIOUS-Gold holds ground with Middle East turmoil, US jobs data in focus](https://longbridge.com/en/news/294771926.md) - [PRECIOUS-Gold ticks higher as markets brace for Fed decision](https://longbridge.com/en/news/294182322.md)