Natixis Lifts Gold Target to $5,000 as U.S. Debt Tops $40 Trillion

1 articles · Updated · Kitco NEWS · Aug 25

$5,000 an ounce is now Natixis’s year-end gold forecast, raised from $4,600 after bullion held above $4,000 and headed for a roughly 15% monthly gain.
U.S. debt crossing $40 trillion and 30-year Treasury yields hitting 5.3% drove the upgrade, with Natixis saying bond-market stress and fiscal fears are outweighing gold’s higher holding cost.
$4 billion in doubled Treasury buybacks of 10- and 30-year bonds added a second boost, after weaker economic data also pushed markets from expecting two rate hikes to pricing one December cut.
$5,000 is also Natixis’s average gold call through 2027, while it sees silver averaging about $78 next year as debt growth, spending pressures and heavy AI-linked investment keep safe-haven demand elevated.