Israeli airstrikes have resulted in at least 68 deaths! How will gold prices move after surging? Chief Analyst's analysis of the technical outlook for Gold.

On Friday during the Asian market, spot Gold continued its upward trend after a surge yesterday, and the price is currently around $2663 per ounce. FXStreet's chief Analyst Valeria Bednarik stated that Gold prices will likely reach an overbought state soon, but buyers are unlikely to give up. The price of Gold is still expected to retest historical highs.

FX16811:52

Gold Price Holds Ground Due to Safe-haven Demand Amid Rising Tensions in Middle East

FXStreet10:17

The reason for the sudden surge in Gold has been found! Gold prices skyrocketed nearly 34 dollars as shocking news emerged from Iran. How to Trade Gold.

On Thursday, despite the strong rise of the dollar, spot Gold surged to a two-week high due to safe-haven Bids and a decline in U.S. Treasury yields. StoneX Analyst Rhona O'Connell stated, "But geopolitical forces (international tensions and financial uncertainty, especially the uncertainty before President Trump’s inauguration) have played a supportive role."

FX16809:07

Gold welcomes a "good start" in 2025! Wall Street envisions the gold price soaring to 3,000 USD in 2025.

Financial giants on Wall Street generally predict that the soaring gold prices in 2024 will rise further in 2025.

Zhitong Finance08:25

2025 Gold Outlook: Three Bullish Factors, Double Tailwinds.

Large asset management companies expect that in the most optimistic scenario, Gold prices will reach at least the 3000 mark this year; even in the most pessimistic scenario, a key factor can help Gold find bottom support.

Golden10 Data07:43

Gold Starts 2025 With Strong Showing; Bank of Singapore Sees Further Gains

Seeking Alpha07:35