According to a report by Jinse Finance, Priyanka Sachdeva, an analyst at Philip Nova, stated that if spot gold prices continue to break above $3,500, gold prices could reach the $3,600-$3,900 per ounce range in the coming months.
She noted that the U.S.'s aggressive tariff stance has increased geopolitical risks, fueling safe-haven investments. She further explained that factors such as rate cut expectations, political turmoil, and strong ETF demand have transformed gold from a tactical hedge into a strategic must-have asset for many investors. Sachdeva believes that the $3,800/ounce target could be the first significant psychological threshold for gold prices to surpass the current high. (Jin10)
