Gold Price Volatility: Analysts Predict Long-Term Uptrend Despite Short-Term Fluctuations

Gold is currently experiencing significant volatility, yet market confidence in the fundamental drivers of its long-term upward trend remains strong. According to Jin10, Solomon Global Markets analyst Nick Cawley suggests that the current fluctuations are merely short-term noise. He anticipates that gold prices will surpass $5,000 in the coming weeks and retest the decades-high level of $5,600 in the second quarter. Market corrections are considered healthy, especially following a strong rebound, and the technical outlook remains positive. Tailwinds persist, and although the U.S. dollar may be strong at present, anticipated interest rate cuts in the coming months could weaken the dollar or at least prevent further appreciation. XS.com senior market analyst Rania Gule notes that while gold prices might stay below $5,000 per ounce in the short term, there is potential for them to rise to $6,000 by the end of the year. The market has not yet exhausted its bullish momentum. However, investors have become more selective and cautious, indicating that future increases may be accompanied by corrections and driven more by fundamentals than by pure momentum or speculation. The precious metals market is currently in a phase of repositioning rather than a trend reversal.