Understanding the complex relationships between gold and rising prices could reshape your investment strategy.

(Reuters) -Citi on Monday cut its short-term gold and silver price targets, lowering zero-to-three month gold price forecast to $3,800 per ounce from $4,000 and its silver forecast to $42 per ounce from $55,

Discover if the VanEck Gold Miners ETF (GDX) rally is sustainable. Learn about key catalysts and optimal entry points.

PROVIDENCE − The price of gold had climbed to an all-time high of $4,381 per ounce when Gary Parseghian, an owner of La Salle Jewelers, climbed into bed on the night of Monday, Oct. 20. The price fell sharply through the early slumber of the 74-year-old master jeweler.

Gold's winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and geopolitical turmoil keep the metal's safe-haven allure intact,

The Philippines built up its holdings when gold traded around $2,000 per troy ounce. Prices have since more than doubled.

Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, gold price per tola reached Rs419,862 after an increase of Rs3,500 during the day.

In a note released Thursday, the bank projected gold prices to reach $5,055 per ounce by the fourth quarter of 2026. This forecast, it said, is based on assumptions that see investors and central banks buying around 566 tons of gold a quarter on average during 2026.