Gold Shatters $4,600 Barrier: Analysts See No Ceiling in Sight

Gold just blasted through a price level once thought impossible. The $4,600 mark is now history—and the experts aren't stopping there.

The New Floor

Forget resistance. That six-figure-per-ounce chatter from a few years back? It's moving from fringe theory to mainstream forecast. The narrative has flipped from 'if' to 'how high.'

Fueling the Fire

Central banks keep stacking. Institutional portfolios are re-allocating—hard. Geopolitical tremors send fresh waves of capital into the perceived safety of the metal. It's a perfect storm of demand with a severely constrained supply.

The Contrarian View

Sure, the bulls are roaring. But let's be real—every new all-time high is a victory lap for the same pundits who've been preaching doom for decades. It's almost as if perpetual fear is a fantastic business model.

The breakout is undeniable. Whether this is the new era of hard assets or history's most expensive security blanket, the market has spoken. $4,600 isn't a peak; it's a launchpad.

The Gold Price Hits $4600

In a new marvelous feat, the gold has now claimed $4600, a new high, beating the earlier $4500 stats in a graceful manner. The metal is now eyeing new price horizons already, with geopolitical tensions acting as the main drivers for this change. The growing unrest in Iran with the Fed indictment has been adding more to gold’s glory, helping the asset surge higher on the radar.

SPOT GOLD SURPASSES $4,600 PER OUNCE FOR THE FIRST TIME

Moreover, leading experts like Rashad Hajiyev are already busy predicting a new high for gold, adding how the metal has a long way to go, claiming as high as $7000 in the process.

Short-Term Targets

Hahiyev was quick to share short-term price spikes that gold prices may encounter in the NEAR future. The expert stated how the metal may claim $5.5K to $6K now that its chart is showing the metal breaking the ascending wedge pattern.

The breakout from an ascending wedge is most likely going to trigger run up in gold to $5.5 – 6k… pic.twitter.com/cR1t0H6QNW