Major institutional players are reshuffling their precious metals outlook as Fed rate cuts loom. Gold targets have been hiked to $4,800 an ounce, factoring in an accommodative monetary environment paired with escalating geopolitical tensions. When central banks pivot dovish and global risk premiums spike, traditionally uncorrelated assets tend to move in lockstep. This flight-to-safety dynamic historically pressures equities while lifting hard assets—a pattern worth monitoring for anyone positioned across multiple markets.