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9.3.25 - Gold Price Hits $3,500, Silver Tops $40
Gold last traded at $3,570 an ounce. Silver at $41.19 an ounce.
Analyst Predicts $3,900 Gold This Cycle: Are You Ready? -Watcher.Guru
Analyst Rashad Hajiyev sees gold breaking out further; expecting it to climb past $3,600, pause briefly, then launch into a parabolic surge targeting $3,900. This rally is being fueled by mounting expectations of a Federal Reserve interest rate cut and a weaker U.S. dollar, both of which are driving investors toward gold as a safe-haven asset. If you haven't added gold to your portfolio, do so now.
Gold is already forging new price pathways, sweeping the market away in sweet surprise. The asset is on a run, breaking records in its wake. The precious yellow metal is now on a rampage and has started to pursue a new price trajectory. One notable analyst has pointed out how the gold price run to $3500 is just the beginning and that there's more to the asset that is yet to be unravelled.
According to Rashad Hajiyev, a notable gold analyst, gold topping charts at the moment by hitting $3500 is just the beginning. Hajiyev took to X to share a detailed analysis, adding how the asset is first aiming to hit $3600. Once the gold price hits $3600, it may consolidate or pause a little before resuming its ascent. In the end, Hajiyev pointed out how gold is targeting the ambitious high price of $3900 in this cycle.
"Gold legitimately and decisively broke out. It is likely going to run until $3,600 - 3,650, where it will pause for a few weeks before starting a final parabolic run to my minimum target of $3,900 in the present cycle..."