Gold has hit $3,040 per troy ounce for the first time in history. According to Goldman Sachs, gold could rise another 8% in 2025, reaching $3,100. But will this rally continue, or is a middle-term correction coming?
What’s Driving Gold’s Growth?
✅ Geopolitical Tensions: Conflicts in Eastern Europe and the Middle East increase demand for safe-haven assets.
✅ Inflation & Fed Policy: Persistently high US inflation keeps gold attractive as a hedge asset.
✅ Central Bank Demand: Ongoing geopolitical and economic uncertainty is driving institutional purchases.
✅Trump’s Trade Policies: New tariff wars could weaken the dollar, further supporting gold prices.
TECHNICAL ANALYSIS
SINCE gold has broken resistance of 2995 we could actually see it go $3100. buys can betaken around 2995-2991.
what are your thoughts ?