Check out the price of gold at 3,200.

And today giving about a half a percent back, but just been on an endless climb this year.

But Goldman just raised its year-end forecast to 3,700 an ounce from 3,000, with a projected

range of 3650 to 3950.

And the notes said gold could potentially hit 4,500 by year end and an extreme risk scenario.

Welcome back. I'm Jeremy Safran. Well, gold has just made history yet again. Spot prices

searched past 325,000 announced this week setting a new all-time high in marking the metal's strongest

weekly game since back in 2020. And the rally has stunned markets, vaulting gold nearly $600 year-to-date, and signaling what

many now believe is a systemic and seismic shift in global capital flows.

And at the same time, the U.S.-China trade war is spiraling.

President Donald Trump's 145% tariffs on Chinese imports triggered full retaliation from Beijing,

which has now raised its own duties to 125% and accused the U.S. of economic coercion.

What's happening and what I've been telling people was happening all last year

as the price of gold went from 2,000 to000, and nobody cared, and nobody was buying it because

everybody was sidetracked by Bitcoin and all the talk about digital gold. Nobody but foreign

central banks were buying actual gold. And the reason they're buying gold is because they're getting

rid of their dollars. They are preparing for a world where the dollar is no longer the center of the monetary system,

where it's no longer the reserve currency.

I've been telling people to buy gold for over 20 years.

When I first started recommending physical gold to my clients, it was under $300 an ounce.

It's gone up more than 10fold.

In fact, gold has outperformed the stock market for the last 25 years.

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