Solomon Global: Gold hits $4,000 for the First Time
Solomon Global Gold Forecast Proven Right
Gold has officially entered uncharted territory with gold futures prices surpassing $4,000 an ounce for the first time, marking a monumental moment in the history of the precious metals market. Given the high correlation between the spot price and the futures price of gold, we expect the former to break through the $ 4,000 level soon [Edit: the spot price broke through $4,000 less than 24 hours later on Wednesday, 8th October].
This latest milestone underscores gold’s status as the ultimate safe-haven asset and store of wealth and validates the forecasts made in March 2025 by Solomon Global’s Managing Director, Paul Williams.
Gold soars to $3,000 as Trump ramps up trade war — and one expert predicts price will hit $4,500
Speaking back then, Paul Williams said:
“Gold breaching the psychologically significant $3,000 level is a direct response to escalating trade tensions and the growing economic uncertainty that this brings. Given the current momentum, gold at $3,500 by summer and $4,500 within the next year are in the realms of possibility… Gold is being chosen as the ultimate shield against political and economic unpredictability.”
Williams was correct, with gold breaching $3,500 on September 2nd, 2025. His more recent forecast of gold at $4,000 by Christmas, made when the precious metal was trading at around $3,700, has now also come to pass, and quicker than even Father Christmas had envisaged!
It remains to be seen if the $4500 longer-range forecast will be achieved by March 2026, but with gold having gained over 50% YTD, this looks increasingly realistic.
Yesterday (October 6th), Solomon Global contributing analyst, Nick Cawley, also pre-empted the latest move and stated that the drivers of this multi-month rally — including a weakening US dollar, which has declined 10% year-to-date, hefty central bank gold purchases, an uneasy geopolitical background, and a loosening Federal Reserve policy stance — remain consistent and compelling.
“Added to these familiar factors, there is now a growing sentiment that the US dollar is starting to lose its pre-eminence as the world’s dominant reserve currency, with a number of other asset classes, including precious metals and Bitcoin, seeing heavy buying and record highs. This confluence of factors has created what many forecasters see as a perfect storm for precious metals, with both institutional and retail investors seeking safe-haven assets in an increasingly uncertain global economic landscape.”
The parallels with Bitcoin are indeed striking. The cryptocurrency, often dubbed digital gold, yesterday reached an all-time high in excess of $125,000, suggesting that investors are increasingly gravitating towards alternative stores of value as confidence in traditional financial systems erodes.
Solomon Global: Gold at $4,500 in Q1 of 2026?
“On the surface, this rally seems extraordinary, but to anyone who understands the markets and gold’s historical reaction during periods of geopolitical instability and economic strain, there was an almost inevitability about the price hitting this $4,000 level in the current climate. As investors take stock of rising global debt levels, inflationary pressures, a weakening US dollar, and mounting international tensions, gold has become the go-to asset for both the institutional and retail markets. What next ? Gold only has to achieve a modest 12.5% growth above current levels to hit $4,500...”
As the market maxim goes, the best time to invest in gold was yesterday, the next best time is today.
Meanwhile, market veteran Clem Chambers has been discussing $10,000 as the ‘magnet number’ for gold. He, too, believes that $4,500 gold is very close.
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Solomon Global disclaimer: This article is for informational purposes only and does not constitute financial advice. Buying physical gold as an investment involves risk, as the value of precious metal prices can be volatile. Historical financial performance does not necessarily give a guide of future financial performance. We recommend that you conduct your own independent research and seek professional tax, legal and financial advice before making any investment decisions.
