The asset market is currently facing a wide variety of changes, with each sector encountering new waves of change. The stock market is currently revamping its pace, struggling amid Trump’s tariff ordeals. The gold market, on the other hand, is topping world charts, defeating all odds against major asset contenders. This phenomenon is catching pace due to gold’s age-old safest hedge appeal, which once again is pushing the asset to climb $4000 amid recent global changes.
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Gold to Hit $4000?
As per Jeffrey Gundlach, popularly known as the “bond king” within multiple financial circuits, he has come up with a new price prediction for gold. The CEO of DoubleLine Capital claimed how the yellow metal is already on the verge of breaking out and may ultimately hit the $4000 mark sometime soon in the near future.
“Gold continues its bull market that we’ve been talking about really now for a couple of years ever since gold was down to $1,800. I’d be so bold to say I think gold will make it to $4,000. I’m not sure that’ll happen this year. But I believe that’s the measured move anticipated by the long consolidation at around $1,800 on gold.” Gundlach stated
The DoubleLine CEO referred to the consistent central bank gold-buying sprees, adding how this phenomenon is “the element that fueled gold’s upward trajectory. He later added how this spree will continue in the near future, strengthening the price of the XAU up a notch.
“I think that that’s in recognition of gold as a storehouse of value. That’s more outside of the financial system, which seems to be in a state of flux at this point,” he added.
President Trump has lately been showing an aggressive stance when it comes to imposing tariffs on global nations. The world is witnessing a rise in trade war narratives, which once again is fueling the demand for precious yellow metal at a rapid pace.
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Technical Analysis of the Asset
I expect gold to work with $3k level for the coming 2-3 weeks and possibly inch slowly higher higher, but remain under the rising resistance. This should allow silver to play a catch up and perhaps run to $37 – 38 level during the same period. Eventually I expect gold to break… pic.twitter.com/sMKG3sDM8o
— Rashad Hajiyev (@hajiyev_rashad) March 16, 2025
Per Rashad Hajiyev, a leading financial expert, gold is expected to hit $3400 soon, with silver claiming the $52 as per the latest market developments.
“I expect gold to work with the $3k level for the coming 2-3 weeks. And possibly inch slowly higher, but remain under the rising resistance. This should allow silver to play catch-up and perhaps run to the $37-38 level during the same period. Eventually I expect gold to break the upper band of the channel. And run to $3,400 and silver to the $44-52 level…”
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