Market Watch: Billionaire Ken Griffin Warns on Consequences of Gold's Rally as Goldman Targets Nearly $5,000

Article by Barbara Kollmeyer in Market Watch
As a government shutdown drags on, markets are hard at work, dazzling investors on all fronts — from fresh S&P 500 and Nasdaq highs, to a rally for gold that’s about to take it to $4,000 an ounce.
Gold’s surge has a lot further to go, say Goldman Sachs analysts, who now predict the metal could trade near $5,000 an ounce by the end of next year.
“We raise our December 2026 gold price forecast to $4,900/oz (vs. $4,300 prior) because the inflows driving the 17% rally since Aug. 26 — western ETF inflows and likely central bank buying — are sticky in our pricing framework, effectively lifting the starting point of our price forecast,” wrote analysts Lina Thomas and Daan Struyven, in a note to clients late Tuesday.
Goldman analysts see risks gold could go even higher, theorizing that investors currently holding stocks and bonds could begin to diversify more into the much smaller gold market.
Against this bullish backdrop, however, some are seeing trouble.
Ken Griffin, the billionaire founder and CEO of hedge fund Citadel, was heard almost simultaneously warning about the consequences of that rally .....