Gold prices have surged to over $4,000 per ounce, surprising many analysts. Bank of America predicts prices could reach $5,000 by 2026. Some warn prices may have peaked. Various indicators, such as the gold-to-oil ratio and production costs, suggest gold is currently expensive compared to other assets, like stocks. Factors like U.S. debt, geopolitical tensions, and interest rate cuts are driving gold’s appeal. However, caution is advised as some believe the recent rally may not be sustainable. Despite the bullish outlook, some are taking profits and being wary of a potential FOMO trade.

Read more at Yahoo Finance: Is the Mania Over or Is $5,000 a Realistic Target?