Goldman Sachs isn't the only outfit throwing around bold predictions lately—major investment banks are weighing in on where gold heads next, and the numbers are turning heads.

Gold just smashed through to an intraday record of $4,650.10 per ounce, riding the wave of escalating geopolitical tensions and speculation around potential military escalation in the Middle East. It's the kind of volatility that reminds traders why precious metals remain a critical hedge in uncertain times.

Here's where it gets interesting: analysts are now penciling in a potential push toward $5,000 an ounce. That's not some wild guess—it reflects genuine concerns about global stability and the appetite for safe-haven assets when risk sentiment sours.

For crypto investors keeping tabs on macro trends, this gold rally tells a bigger story. When traditional markets get nervous, capital rotates across asset classes. Whether it's gold hitting fresh records or Bitcoin responding to Fed policy shifts, understanding these cross-asset dynamics matters. The yellow metal's momentum could signal deeper market shifts worth monitoring.