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Agreed, with central banks buying, ETFs seeing inflows after years of outflows, risk of de-dollarization (not as much of a catalyst IMO) and the direction of the chart moving higher, I don’t see what stops this train. On a technical basis it’s been creating a base ever since 4/2 tariff day, and looks like it’s just breaking out.
I think it'll reach 5k eventually since it's basically just a store of inflation. Traditional investments will continue to outpace the growth of gold anyway, so it doesn't really matter
We are on course for $4000 gold. That is all I can say.
So, yes, there was a minor pull back (and recovery!), but geopolitical uncertainty, inflation worries, and investor interest in safe-haven assets hasn't changed since you posted a month ago. Maybe get in on a minor dip, BUT first, check other precious metals (excluding silver). Some might be better values, as gold has been bid up so much recently.