Philip Nova analyst Priyanka Sachdeva said in a report that if spot gold prices continue to break above $3,500, gold prices could hit a range of $3,600 to $3,900 an ounce in the coming months.
The aggressive US tariff stance has increased geopolitical risk and fuelled safe-haven investments, she said. She said expectations of interest rate cuts, political turmoil and strong demand for ETFs have driven gold from a tactical hedge to a strategic must-have for many investors. Sachdeva believes the $3,800 an ounce target could be the first clear psychological threshold for gold prices to break through current highs. (Golden Ten)
Analysts: Gold prices are expected to hit the $3600-3900 range in the coming months
2025-09-03 05:47:51
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