Gold prices have risen to the US$3,000 mark, reflecting strong demand from central banks bolstering their reserves amid global economic uncertainty. The rally has intensified speculation about further gains, with DoubleLine Capital’s Jeffrey Gundlach forecasting that gold could climb to $4,000. Gundlach’s bullish outlook aligns with growing concerns over inflation, geopolitical risks, and the weakening appeal of fiat currencies, all of which have driven central banks to increase their gold holdings at an accelerated pace.

This sustained demand, coupled with expectations of a looser monetary policy in the U.S. later this year, has strengthened gold’s appeal as both a hedge against inflation and a safe-haven asset. While some analysts caution that a near-term pullback is possible, the broader trend suggests gold’s record-breaking run may still have room to extend further.