Gold-Backed Tokens Set to Benefit as Wall Street Goes Even More Bullish After Record Rally

CoinDesk (nprofile…nhef)
✍️ Major financial institutions have raised their gold price forecasts due to growing trade war fears and central banks' accumulations, with gold-backed cryptocurrencies benefiting from the trend.
👉 Citi and UBS have raised their gold price forecasts
👉 Gold-backed cryptocurrencies are benefiting from the trend
👉 Trade war fears and central banks' accumulations are driving the increase in gold prices
👉 Gold has already breached its previous target of $2,850 and is currently trading at $2,860

#MarkHaefele #business

quoting nevent1q…zk29

CoinDesk (nprofile…nhef)

Major financial institutions are raising their gold price forecasts due to growing trade war fears and central bank accumulations.
https://www.coindesk.com/markets/2025/02/08/gold-backed-tokens-set-to-benefit-as-wall-street-goes-even-more-bullish-after-record-rally