The ongoing geopolitical tensions are brimming with new energy as Iran and the US have failed to reach a particular consensus. This development has fueled a panic situation in the market, a perfect time in which assets like gold and silver are known to thrive. But these particular war dynamics have done the contrary, pushing the price of gold to new lows all while favoring the US dollar. Now the elements seem to be shifting again, with analysts predicting a new timeline, the one that involves the gold price hitting a new high of $6K in weeks. What is the real picture here? Let’s explore it in depth.
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Gold to $6K in Weeks?
Gold price has been encountering intense fluctuations throughout, with the US Iran war, driving its price to hit new lows. As the market expectations are currently hinging at the Fed keeping the interest rates higher to prevent inflation, the investors are currently betting on the US dollar, pushing the gold further down the notch. However, analysts like Rashad Hajiyev have been busy predicting a new price timeline for gold, stating how its chart formations are now hinting at the metals groundbreaking price hike.
Hajiyev, in one of his latest tweets, stated how the gold price is now; he believes gold may have smooth sailing till it hits the $5.2K price mark. Post that, gold price may encounter resistance elements, which ultimately will help the asset gain further price momentum.
“I do not see any major obstacle in gold until the first key resistance just under $5.2k, which is within 9% from the present price level. Gold needs to start moving, and miners should start supporting it. Gold bottomed in my opinion, and it is in the advancing cycle, which is going to last at least until mid-summer…”
Hajiyev later shared how he expects gold to hit $6K as early as May 2026. Explaining it further, Hajiyev stated that gold seems to be in sync with the timeline, and if the metal encounters no further setbacks, it may then claim a new price peak of $6K.
“If no major setback happens in gold price, the upper band of the ascending broadening wedge suggests a gold price just under $6k sometime in May 2026…”
Gold To $6K By Year-End: UBP Contradicts
As Hajiyev is supporting the gold’s $6K stance by May 2026, UBP, a leading fund manager, shared how the yellow metal may claim $6K at the latest by the end of the year 2026.
“Swiss bank UBP sees gold at $6000 year-end. Managing $233B in client assets. Cut gold exposure from 10% to 3% after the war broke out. Now increasing it again to 6%. Meanwhile, Goldman estimates average gold allocation across portfolios at just ~1.8%, with gold prices rising ~1.4% for every 0.01% incremental shift into gold. We are at the cusp of a structural shift in portfolio construction.”
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