Gold Aims for $3600 as Geopolitical Tensions Fuel Rally

Gold’s bullish momentum continues unabated, with XAUUSD trading comfortably above $3350 amid escalating Ukraine-Russia tensions and delayed European tariffs by the TRUMP administration. The precious metal now eyes $3400, with analysts projecting a potential breakout beyond $3500 to new all-time highs.

Technical indicators reinforce the upward trajectory. Last week’s buy zone between $3260-$3208 has already yielded a 1100-point rally. Traders await key U.S. economic data this week, including ISM manufacturing figures, which could provide fresh catalysts for gold’s movement.

The market consensus remains firmly bullish, with strategic accumulation on dips recommended. Critical pivot levels between June 2-6 will determine whether Gold can sustain its march toward the $3600 target, as safe-haven demand overwhelms traditional seasonal patterns.