Analyst: Gold prices may hit the $3600 - $3900 range in the coming months

Recently, the gold market has attracted significant attention. Philip Nova analyst Priyanka Sachdeva pointed out in a report that if the spot gold price continues to break through $3500, it is expected that gold prices may reach the range of $3600 - $3900 per ounce in the next few months.

Currently, the aggressive tariff stance of the United States has intensified geopolitical risks, greatly boosting demand for safe-haven investments. As a traditional safe-haven asset, gold is naturally favored by investors. Meanwhile, expectations of interest rate cuts are rising, and investors are more inclined to allocate gold to cope with a potential monetary easing environment. In addition, factors such as political turmoil and strong demand for gold ETFs are jointly driving a shift in gold's status, from a tactical hedging tool to a strategic essential asset in the eyes of many investors.

Sachdeva believes that the target of $3800 per ounce may become the first clear psychological barrier for gold prices to break through the current high point. A breakthrough at this price level may further stimulate market enthusiasm for investing in gold, pushing gold prices to higher levels. With the combined influence of multiple favorable factors, the gold market has ample upward momentum and is expected to usher in a strong upward trend in the coming months. #现货黄金创历史新高