Is $4,500 Just the Start of a Bigger Surge?
Gold Continues to Break Records Supported by Global Concerns and the Fed: Gold prices reached an all-time high of around US$4,500 per ounce in today's trading, driven by strong safe-haven demand amid global economic uncertainty and strong expectations that the Federal Reserve will cut interest rates further in 2026. The weakening US dollar, rebounding global risk indicators, and widespread capital flows into safe assets have made gold increasingly attractive as a hedge in investor portfolios.
Market Structure Factors Remain Bullish: In addition to monetary sentiment, central banks in various countries are still actively adding to gold reserves, while ETF funds are also recording strong inflows, creating solid physical demand and suppressing supply in the market. Geopolitical uncertainty and the diversification of reserves away from dollar dependence strengthen gold's fundamentals, leading many analysts to project the potential for gold to reach higher levels throughout 2026. (az)
The gold price at the time of this analysis was $4,510
- Buy if the price is at $4,517
- Sell if the price is at $4,503
Resistance 2: $4,528
Resistance 1: $4,521
Support 1: $4,496
Support 2: $4,489
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
