Analysis: Gold May Shake Off Q2 Slump, Structural Support and Core Catalysts Align

Odaily News – After surging to a record high of nearly $5,600 earlier this year, gold prices faced a sharp sell-off. In the three months through June, gold posted its worst quarterly performance since 2013, but the current sustained rebound is quickly repairing this technical breakdown. Driven by a combination of factors, gold is poised to emerge from the shadows of its worst quarterly showing in a decade. Amid the two-way tug-of-war between long-term structural deficits and short-term pullbacks, Wall Street is anchoring its 12-month gold price target at $5,400.

Despite the optimistic long-term structural outlook, several analysts warn that gold still faces significant macroeconomic headwinds and potential correction pressure in the near term. (CNBC)