Gold has been going up for several reasons: Central banks around the world are buying gold at record volumes; Trump's threats of taking over Greenland and Iran are a clear violation of international law, which means that other conflicts around the world can start; Trump's threats of taking Greenland destabilize NATO relationships; China's Mineral Act puts immense pressure on metals such as Silver, which destabilizes supply chains all over the world; The Dollar keeps losing value, and this can be seen with EUR/USD that is around 1.2; FED might lower rates in the future, which helps gold's value rise compared to the dollar.
The reasons for which gold can rise to 6k per ounce might be there. The main reasons revolve around wars that might destabilise the world we live in (Greenland and Iran being taken over), but I believe it mainly involves around new wars that might occur due to a violation of international law by Trump. Now, Gold prices can drop really hard if all these wars settle, Trump makes a deal with China regarding minerals and he stabilizes the US relationship with NATO members, but it seems very unlikely to happen fast. Nonetheless, gold might actually rise to 6k but beware of risks such as it dropping hard in the near future as this gold rise might only be hyper speculation. Don't forget that these institutions buying gold have to sell their gold to realise their unrealized profit, so don't become exit liquidity by buying at any levels. Do your due diligence first before buying in.
Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Asset prices, valuations, and performance metrics are subject to change and may be outdated. Always conduct your own due diligence and consult with a licensed financial advisor before making investment decisions. The information presented may contain inaccuracies and should not be solely relied upon for financial decisions. I am not a licensed financial advisor or professional trader. I am not personally liable for your own losses; this is not financial advice.
The reasons for which gold can rise to 6k per ounce might be there. The main reasons revolve around wars that might destabilise the world we live in (Greenland and Iran being taken over), but I believe it mainly involves around new wars that might occur due to a violation of international law by Trump. Now, Gold prices can drop really hard if all these wars settle, Trump makes a deal with China regarding minerals and he stabilizes the US relationship with NATO members, but it seems very unlikely to happen fast. Nonetheless, gold might actually rise to 6k but beware of risks such as it dropping hard in the near future as this gold rise might only be hyper speculation. Don't forget that these institutions buying gold have to sell their gold to realise their unrealized profit, so don't become exit liquidity by buying at any levels. Do your due diligence first before buying in.
Disclaimer:
This analysis is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Asset prices, valuations, and performance metrics are subject to change and may be outdated. Always conduct your own due diligence and consult with a licensed financial advisor before making investment decisions. The information presented may contain inaccuracies and should not be solely relied upon for financial decisions. I am not a licensed financial advisor or professional trader. I am not personally liable for your own losses; this is not financial advice.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.