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Why gold may soon surge to $4,400
Although gold has been relatively quiet in recent months following a strong start to the year, many investors have lost interest or assumed the rally has run its course. However, I believe gold may be setting up for another powerful advance, with the potential to surge to around $4,400 in short order. I'm now seeing clear similarities to the price action we saw in November and December, when gold also moved sideways for a time before launching a dramatic $900 rally in early 2025. Back in December, I published a report predicting that surge, and it unfolded just as I had expected. Now, I'm making the case that gold ... (full story)
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From dailyforex.com | Aug 5, 2025
At the end of last week's trading, the gold price index saw a strong rebound, surpassing its losses from the beginning of the week and heading towards a major resistance level at $3,400 per ounce. Weak US jobs data fueled hopes of a Federal Reserve interest rate cut in September. The immediate gold price bounced up from the support level of $3268 per ounce, ...
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From marketpulse.com | Aug 5, 2025
Gold prices have seen whipsaw price action today with a $30 drop being wiped away after the US open. Part of this could be down to another poor US data point which will only add to rate cut bets moving forward. The US ISM Services PMI dropped to 50.1 in July 2025 from 50.8 in June, falling short of the expected 51.5. This shows the services sector barely ...
