3000 dollars for the ounce of gold within 3 months .. What are the expectations of analysts?

Gold reached a record level at 2887 dollars an ounce before it was reflected in a declining pattern that may indicate a custody trend towards the support area between 2772 and 2790 dollars in the coming days, yet analysts believe that within 3 months the price of gold may reach 3000 dollars per ounce, in Light the movements of the expected US interest rates, and the political and commercial tensions currently spread around the world, according to the American FX Empire platform.

Gold takes a “warrior break”

The site said that the gold apparently took a deep breath on Friday to reach a new record at $ 2887 an ounce before the landfill reversal leads to sales during while the gold is hovering around 2852 dollars, but the matter may turn into a “warrior break” and the Nafis breaks the barrier 3000 in the short term.
Also read: The price of gold stabilizes near its standard level amid dollar fluctuations and the labor market

Gold shines amid the increasing fears

With the increasing fears of the outbreak of a commercial war and the spread of economic uncertainty in global markets, gold has become a luminous lighthouse for investors.
The major financial institutions are working to intensify their expectations on the precious metal, and this interest means only one thing, which is that gold fever exists.

Gold expectations in major banks

This week, senior strategists from “City” and “UPS” are the light by strengthening their expectations for the price of gold, as they expected a peak of $ 3,000 an ounce.
As the current price moves between the level of 2850 and 2860 dollars, the momentum cannot be ignored. City raised its average forecasts to 2900 to 3000 dollars for this year for gold driven by fears about global growth and increasing demand for gold as a safe haven.
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Not only gold

But it is not the only gold that reaps the fruits, as the cryptocurrency -backed currencies also go in the same wave of this rush towards gold.
Experts affirm that the gravity of gold as a value of value and a means of hedging against the state of uncertainty still attracts the market attention, and with the escalation of commercial wars and geopolitical tensions, the trend is strengthened towards diversifying reserves and gathering gold, especially among emerging markets.

More attention of the value of gold

In this climate of the inability to predict, gold stands tall as a symbol of safety and for anyone looking to sail in this troubled water, it may now be the perfect time to take care of the escalating gold value and its complementary digital counterparts.
With the global economy facing the uncertainty resulting from commercial wars and geopolitical tensions, investors are increasingly turning towards gold and associated assets.
The latest data highlights many major trends and visions that drive this recovery in attention.