Escalating geopolitical conflicts are adding fuel to the fire of the Gold $XAU rally, pushing the precious metal to unprecedented historic highs.
🔸 Spot Gold surged 2.7% intra-day, reaching $5,071.79/oz. This rally was directly triggered by news of the US military shooting down an Iranian drone, sparking an explosion in safe-haven demand.
🔸 The previous trading session recorded the largest single-day gain since the 2008 financial crisis, highlighting the sheer scale of panic and capital flight into Gold.
🔸 Analyst outlines an ambitious trajectory:
Near Term expected to touch $5,100 soon.
Mid Term targeting $5,600.
Long Term the ultimate target stands at $6,000/oz.
Amidst conflict and uncertainty, Gold once again proves its irreplaceable status as the "King" of assets.
News is for reference, not investment advice. Please read carefully before making a decision.
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