Analyst: Gold prices are expected to hit the $3,600-3,900 range in the coming months
analyst Priyanka Sachdeva of Philip Nova stated in a report that if the spot gold price continues to break through $3500, the future gold price may reach a range of $3600 - $3900 per ounce in the coming months.
She said that the aggressive U.S. tariff stance has increased geopolitical risks, fueling safe-haven investments. She mentioned that the driving factors such as rate cut expectations, political turmoil, and strong ETF demand have transformed gold from a tactical hedge into a strategic essential asset for many investors. Sachdeva believes that the target of $3800 per ounce may be the first clear psychological barrier for gold to surpass its current high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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