Gold Price Today: $4,000 No Longer a Joke as XAU Soars Past $3,050
The spot Gold price continues to break everything as it rallies on every piece of news, good or bad, so the $4,000 level doesn’t seem too far now, with such bullish pace.
The Bull Run in Gold Gains Momentum
Just two days ago, I casually mentioned the possibility of gold reaching $4,000 before the end of the year, not fully expecting it to be taken seriously. However, with gold prices continuing their sharp rally, that prediction is starting to look more realistic.
Gold Chart Daily – MAs Keeping the Price Supported
Since late 2022, gold bullion has surged by nearly 89%, repeatedly setting new record highs. Whether market sentiment is positive or negative, it always seems to fuel another leg higher for gold, reinforcing its status as a premier safe-haven asset.
Geopolitical Tensions and Federal Reserve Policy Drive Gold Higher
Despite Donald Trump’s efforts to resolve legal issues, geopolitical tensions in the Middle East and Ukraine remain unresolved, further driving investors toward gold. A major factor behind gold’s relentless bull run has been shifting expectations regarding Federal Reserve policy and growing concerns over global trade.
Recent US economic data, particularly weaker-than-expected inflation figures last week, suggest that the Fed is unlikely to adopt a hawkish stance anytime soon. As expected, the Fed held interest rates steady at 4.50%.
Dovish Fed Pushes Gold to New Highs
Following the FOMC statement and Fed Chair Jerome Powell’s press conference yesterday, which leaned more dovish than expected, gold received another boost. Futures markets continue to price in two 25 bps rate cuts by the Fed in 2025, further supporting gold’s upward momentum. In response, gold climbed 0.7% above $3,050, extending gains into the late session.
With the current trajectory, gold could easily test $3,100 in the coming days, and if the momentum holds, the $4,000 target by year-end is no longer just speculation—it’s becoming a very real possibility.
Gold Live Chart
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