Bond Yield Surge Could Temporarily Send Gold to $4,000, Yet State Street Strategist Eyes $5,000 Target by Q2 2027

Rising rate expectations and climbing bond yields could push gold prices toward $4,000 an ounce in the near term. Aakash Doshi, Head of Gold Strategy at State Street, nevertheless maintains the floor will hold and forecasts a move to $5,000 by Q2 2027, citing persistent structural demand despite short-term pressures from a stronger dollar and higher real yields.