Precious metal hits record territory amid global uncertainty and strong demand
The price of gold (XAU/USD) has surged past the historic $4,000 mark, marking one of its strongest rallies in recent years. The move underscores renewed investor confidence in the safe-haven asset, with the metal gaining over 21% in the past month.
According to the latest data, gold is currently trading around $4,039 per ounce, after extending its sharp upward trend that began in mid-September. The chart shows a series of strong higher lows and expanding volume, confirming sustained buying momentum from both retail and institutional participants.
A key breakout occurred when gold decisively moved above the $3,800 resistance zone, which has now flipped into support. Analysts highlight that the next immediate target lies near $4,145, while the newly established base around $3,802–$3,740 could act as a critical buffer during any short-term pullback.
“The momentum behind this move is extraordinary,”According to BITX strategists. “Gold breaking $4,000 signals a psychological shift in market sentiment. With inflation pressures lingering and central banks maintaining diversified reserves, the metal is seeing structural demand growth.”
The rally in gold coincides with growing uncertainty in global equity markets and persistent volatility in bond yields. Analysts note that central bank accumulation and renewed ETF inflows have amplified the upside move.
BITX market analyst added, “Investors are treating gold as both an inflation hedge and a geopolitical risk buffer. The breakout above $4,000 confirms that large institutional money is rotating back into metals after months of defensive positioning.”
If the bullish trend continues, traders expect a potential retest of the $4,145–$4,200 resistance zone. However, a close below $3,800 could trigger a temporary correction. For now, the broader technical picture remains decisively bullish, with gold’s breakout establishing a new chapter in the metal’s long-term uptrend.
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