A sharp 10% correction in traditional markets is sparking a historic flight from the US dollar, with capital accelerating into gold and Bitcoin at unprecedented rates. As geopolitical tensions escalate, Bitcoin has solidified its position alongside gold as a primary safe-haven asset, challenging the dollar's dominance as the ultimate liquidity reserve during economic turmoil.

Analyst Believes Gold May Surpass US Dollar One Day

Despite the usual murmurs of gold losing its sheen during the ongoing geopolitical turmoil, one analyst has shared his stance, adding how gold was never out of style or practice.

Per Chris Mancini of Gabelli Gold Fund, accelerated defense spending in Europe, coupled with the evolving geopolitical changes, may continue to push gold ahead, with its price ultimately heading toward the ambitious $6K mark. Mancini further shared how the gold price may have taken a downward spiral as the US-Iran War escalated, but several countries are still using gold to safeguard their interests, with the metal serving its role as the ultimate safe-haven asset.

The analyst shared.

Moreover, Marcini was quick to add how the dollar may soon take a side role, with the de-dollarization narrative gaining strength in the near future.

Gold’s Price Outlook For 2026

Per Rashad Hajiyev, another notable finance expert, gold has regained its broken five month support, and is currently moving ahead to hit the $5K mark again.

BOOM!
Gold regains previously broken 5-month support, which was acting as a resistance. The most important price action of the past few weeks… pic.twitter.com/JvnlT5l5pq

Hajiyev later shared an immediate price target for the yellow metal, adding how the asset may soon hit $5.2K in the near future.

Gold finally breaks out from a week-long triangle formation on de-escalation news in the Middle East with immediate technical target just above $5.2k… pic.twitter.com/5KWl2HaKcr