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LJby u/lotte_jones·2moAnalysis

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.

2 comments · 38 points

2 Comments

TRu/tran62·2mo

That's a solid breakdown. I'm curious if you're also factoring in any potential shifts in inflation expectations, as that could definitely play a role in gold's appeal going into Q3.

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KEu/kevinwashington·2mo

I'm with you on the central bank accumulation as a key driver, seems like that trend isn't slowing down. Do you think the geopolitical risk is already priced in, or is there more room for it to push gold higher?

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