Analyst Karishma Vanjani reported online that Wall Street is experiencing a gold rush, but investors should be careful. JPMorgan Chase and Goldman Sachs recommend continuing to hold gold, Bank of France and Pakistan has just raised its forecast for gold prices, and BlackRock has been recommending buying gold to diversify its portfolio for months. So far, these suggestions are correct. But this is not without risks. First, considering that it has been in a bull market since September 2022, gold can be said to be overvalued. This raises the possibility that gold prices have largely reflected the potential of this period and are therefore susceptible to a correction. These gains may attract early investors to sell to lock in profits. Second, gold may also struggle if the U.S. government's efforts to reform the federal government prove successful. Moreover, economic growth is negatively correlated with gold. When the economy is booming, investors tend to favor riskier assets such as stocks over gold, which has lost its appeal.