Thoughts on Gold's Q3 Push Above $2000
Been looking at the gold charts, specifically the $GC futures, and the persistent bid despite some recent dollar strength is interesting. My take is we've got a decent chance, I'd put it at about 60%, of seeing gold sustainably above $2000 by end of Q3. The reasoning is multifaceted: continued geopolitical wobbles, central bank accumulation (which seems to be a consistent theme now), and persistent inflation concerns that, while currently muted, could flare up again. The market's got short-term memory, but the underlying narrative for a safe-haven seems to be solidifying again. I'm not saying it's a straight shot, expect volatility around that psychological level, but the path of least resistance feels higher for a while.