$XAU/USD(XAUUSD.FOREX)$ $SPDR Gold ETF(GLD)$ Gold fell sharply from it's all time high, found support and quickly rebounded, it show there are many bargain hunters which try to snap up at the pull back. Jewelry shop & bullion shop see a influx of customer. Gold needs to stay above $5000 to keep the bull momentum intact. As long as trump continue to be president then gold will continue to perform well. It will hit $10000 before trump terms end. What do you think?
JPM Upgrades Gold PT to $6300: Will US–Iran Tensions Push Metals Higher?
U.S.–Iran tensions resurfaced after VP Vance said Washington remains “hopeful” on talks but won’t rule out force, while Trump criticized Tehran’s renewed nuclear ambitions. Natixis sees gold spiking to $5,500–$5,800 within two weeks if conflict erupts, before retracing.
Meanwhile, JPMorgan raised its long-term gold view to $4,500 and keeps a bold $6,300 by end-2026 target. It expects 755 tonnes of central bank buying in 2026, still well above pre-2022 norms.
Is geopolitical premium about to reprice sharply higher? Will gold hit $6000?
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