Analyst: Gold prices are expected to hit the $3,600-3,900 range in the coming months
10hours ago
According to Odaily Planet Daily, Philip Nova analyst Priyanka Sachdeva stated in a report that if spot gold prices continue to break through $3,500, they could reach the $3,600-$3,900 per ounce range in the coming months. She stated that the United States' aggressive tariff stance has increased geopolitical risks and fueled safe-haven investing. She stated that factors such as expectations of interest rate cuts, political unrest, and strong demand for ETFs have transformed gold from a tactical hedge into a strategic necessity for many investors. Sachdeva believes that the $3,800 per ounce target could be the first clear psychological barrier for gold prices to break through their current highs. (Gold Ten)
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