Will gold prices reach 3500 dollars this year? Analysts at UBS Group believe it is unlikely.

This year, Wall Street has been raising its expectations for the Target Price of Gold, with optimists even proclaiming that the price of Gold could soar to $3,500 in the third quarter.

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Tonight's script: Tariff announcement = Gold price peaks? Be careful, the next second could turn into "bungee jumping"!

Retail investors often enter at the peak of the bubble, and when Gold becomes the "new favorite" of retail investors, it may push gold prices into extreme overbought territory, but a "flash crash" could be triggered at any time.

Golden10 Data09:39

Gold suddenly surged by $20 in the short term! The Pentagon has deployed additional aircraft carriers and bombers to the Middle East. FXStreet's chief Analyst provides a technical analysis of gold prices.

During trading in Wednesday's Asian market, spot Gold suddenly soared by $20, with the price reaching $3133 per ounce. The situation in the Middle East has suddenly become tense, and the USA Department of Defense has increased the deployment of aircraft carriers and bombers to the region, which has intensified risk-averse sentiments. USA Secretary of Defense Hagel has ordered the dispatch of more troops to the Middle East, including the USS Carl Vinson carrier strike group and several fighter jets.

FX16809:26

After hitting a historic high, Gold prices suddenly experienced a shocking correction, the reason is here! Major news about Trump's tariffs, how to trade Gold?

On Tuesday, spot Gold fell sharply after reaching a historical high, retreating nearly $50 from its peak. Analysts point out that this is mainly due to investors choosing to take profits ahead of USA President Trump's announcement of a series of tariffs. Technically, the RSI of Gold prices remains above 70, indicating that it is still overbought, which also paves the way for a correction in Gold prices.

FX16808:44

The net Inflow in a single quarter exceeded 19.2 billion dollars! Western investors are also grabbing gold.

Under the boost of risk aversion sentiment, gold prices continued to hit historical highs on Tuesday, with the Gold ETF in the USA attracting over $19.2 billion in the first quarter, setting the largest inflow since the pandemic. In addition, defensive stocks and US and German bonds also performed well.

wallstreetcn08:23

GLD ETF Falls 0.2%

Dow Jones04:35