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Gold’s $4K Price Target Gains Momentum as Dollar Weakens
Gold’s $4K Price Target Gains Momentum as Dollar Weakens
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Gold's rally accelerates as the precious metal capitalizes on a weakening US dollar, with spot prices hovering NEAR $3,760. Analysts now see $4,000 as an imminent target, potentially achievable within weeks.
Rashad Hajiyev, a prominent metals analyst, predicts a parabolic MOVE for gold on social media platform X. Technical charts show the asset testing the upper band of a broadening channel—a pattern often preceding explosive price movements.
The metal's strength contrasts with growing economic uncertainty. Institutional investors appear to be rotating into hard assets as fiat currencies show vulnerability. This trend mirrors 2020's pandemic-driven Gold surge, though current fundamentals suggest more sustained upside potential.
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