00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gold rebounded 2.3% to $4,159.70 an ounce on Wednesday after a two-day 5.7% sell-off,
00:10the steepest drop in over a decade, according to Barron's.
00:13Analysts attributed the bullback to profit-taking, filing record highs,
00:16noting outflows from goldback ETFs. Gold remains up nearly 60% in 2025,
00:22buoyed by central bank buying, safe-haven demand for global instability,
00:25and expectations of lower U.S. interest rates.
00:27KV Morgan Analyst's forecast prices could hit $6,000 by 2028,
00:32and Ford investors continue shifting assets from dollars to gold.
00:35Gold miners also advance with Newmont, Barrick, and Agrico Eagle organic.
00:40For all things money, visit Benzinga.com.
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