Gold continues to assert its strong position as it surged further last week, reaching $3,440 per ounce by the weekend. This upward momentum has been driven by two key factors: escalating geopolitical tensions in the Middle East and growing expectations that the US Federal Reserve may soon begin cutting interest rates.
Many experts believe the bullish trend is likely to extend into this week, with the next psychological target set at $3,500. That said, a brief pullback cannot be ruled out after such a rapid ascent.
From my perspective, following the recent period of consolidation, gold appears to be regaining strength for another attempt at new highs. The ongoing global political uncertainty continues to fuel demand for this safe-haven asset.
As gold pushes higher, investors should ride the trend—but with caution. Staying closely informed on Fed policy shifts and geopolitical developments will be essential for making well-timed, rational trading decisions in this sensitive market environment.
Many experts believe the bullish trend is likely to extend into this week, with the next psychological target set at $3,500. That said, a brief pullback cannot be ruled out after such a rapid ascent.
From my perspective, following the recent period of consolidation, gold appears to be regaining strength for another attempt at new highs. The ongoing global political uncertainty continues to fuel demand for this safe-haven asset.
As gold pushes higher, investors should ride the trend—but with caution. Staying closely informed on Fed policy shifts and geopolitical developments will be essential for making well-timed, rational trading decisions in this sensitive market environment.
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👉 Join hundreds of traders already winning with us: t.me/+yp68zvUZLqExZmVl
✅ 24/7 expert support & real trading knowledge
✅ No fees. No fluff. Just pure value.
👉 Join hundreds of traders already winning with us: t.me/+yp68zvUZLqExZmVl
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.