Gold prices are soaring, with Goldman Sachs analysts raising their price target to $5,400 per ounce due to private sector investors jumping into the rally. Private sector diversification is expected to keep prices elevated. Geopolitical events, such as Trump’s tariff threats, have also fueled the surge. UBS strategists recommend a mid-single-digit allocation to gold in balanced portfolios, with a target of $5,000 per ounce and upside risks to $5,400.

Read more at Yahoo Finance: Gold hovers near record highs as Goldman Sachs lifts year-end forecast to $5,400