According to Jin10 data on September 3, Philip Nova analyst Priyanka Sachdeva stated in a report that if the Spot gold price continues to break through $3500, gold prices may reach a range of $3600 - $3900 per ounce in the coming months. She mentioned that the aggressive tariff stance of the United States has increased geopolitical risks and fueled safe-haven investments. She noted that factors such as expectations of interest rate cuts, political turmoil, and strong demand for ETFs have transformed gold from a tactical hedging instrument into a strategic must-have asset for many investors. Sachdeva believes that the target of $3800 per ounce may be the first clear psychological barrier for gold prices to break through the current high.
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Analyst: Gold prices are expected to reach the range of $3600-$3900 in the coming months.
According to Jin10 data on September 3, Philip Nova analyst Priyanka Sachdeva stated in a report that if the Spot gold price continues to break through $3500, gold prices may reach a range of $3600 - $3900 per ounce in the coming months. She mentioned that the aggressive tariff stance of the United States has increased geopolitical risks and fueled safe-haven investments. She noted that factors such as expectations of interest rate cuts, political turmoil, and strong demand for ETFs have transformed gold from a tactical hedging instrument into a strategic must-have asset for many investors. Sachdeva believes that the target of $3800 per ounce may be the first clear psychological barrier for gold prices to break through the current high.