Gold Could Hit $5,000, Strategist Says. Why Others Are Worried About a Crash.
1. Gold prices surged over 55% this year, reaching record highs. 2. Central banks, including China, are increasing gold purchases amid U.S. dollar concerns. 3. Strong ETF flows suggest further price increases for gold, possibly reaching $5,000. 4. Analysts warn of potential pullbacks based on historical gold market corrections. 5. Gold's rise questions its viability as a hedge against market volatility.