Gold is already forging new worth pathways, sweeping the market away in candy shock. The asset is on a run, breaking data in its wake. The valuable yellow metallic is now on a rampage and has began to pursue a brand new worth trajectory. One notable analyst has identified how the gold worth run to $3500 is just the start and that there’s extra to the asset that’s but to be unravelled.
In keeping with Rashad Hajiyev, a notable gold analyst, gold topping charts for the time being by hitting $3500 is just the start. Hajiyev took to X to share an in depth evaluation, including how the asset is first aiming to hit $3600. As soon as the gold worth hits $3600, it might consolidate or pause a little bit earlier than resuming its ascent. In the long run, Hajiyev identified how gold is concentrating on the formidable excessive worth of $3900 on this cycle.
“Gold legitimately and decisively broke out. It’s seemingly going to run till $3,600 – 3,650, the place it should pause for a couple of weeks earlier than beginning a remaining parabolic run to my minimal goal of $3,900 within the current cycle…”
Gold legitimately and decisively broke out. It’s seemingly going to run till $3,600 – 3,650 the place it should pause for a couple of weeks earlier than beginning a remaining parabolic run to my minimal goal of $3,900 within the current cycle… pic.twitter.com/vsCvyazyMG
— Rashad Hajiyev (@hajiyev_rashad) September 2, 2025
Components Fueling This Surge
One of many main causes fueling the present gold worth rally is the present Federal Reserve stance. The Federal Reserve might lastly announce the much-anticipated rate of interest cuts this month, which is the first driver fueling the present gold worth rally.
The yield on the 30-year U.S. Treasury is again as much as 4.98% and can quickly rise above 5%. This is not occurring regardless of the Fed’s intention to chop charges, however due to that intention. Surging gold costs additionally affirm that any charge cuts will ship long-term and mortgage charges greater.
— Peter Schiff (@PeterSchiff) September 2, 2025
Along with this, the present gold surge can also be being pushed by a weaker US greenback. Trump’s insurance policies and unstable tariff stance have led buyers to pivot in the direction of safer belongings, with gold rising as the last word savior amid the continued financial chaos.
Why is gold strengthening?
There are two major causes: #XAUUSD
First, the weakening of the US greenback. Gold is priced in US {dollars}. When the greenback falls, gold turns into cheaper when used with different currencies, naturally growing demand. #GOLD
Second, market expectations for a… pic.twitter.com/GpV0M7MBMG— DC (@CD_XAUUSD) August 29, 2025
“Why is gold strengthening? There are two major causes:#XAUUSD. The primary cause is the depreciation of the US greenback. Gold is priced in US {dollars}. When the greenback falls, gold turns into cheaper when used with different currencies, naturally growing demand. #GOLD. Second, market expectations for a September rate of interest minimize by the Federal Reserve are rising stronger. With decrease rates of interest, the price of holding gold as an “interest-free asset” turns into decrease, making individuals extra keen to purchase it for protected havens or worth. #DXY.” As talked about by analyst DC relating to gold on X.
