Time To Exit Stocks? New Gold Prediction Claims XAU To Hit $4000

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.

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.

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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.

,”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.

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

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.