A financial analyst indicates gold and silver have reached a critical juncture, with geopolitical tensions potentially driving inflation and boosting precious metals. The analyst forecasts gold could rise to approximately $5,800-$6,000 and silver to the $140-$150 range.
Precious metals are approaching a decisive point in their market trajectory, according to analyst Rashad Hajiyev. Gold and silver prices have been stagnant, with gold around $5,000 and silver near $80 for several sessions. Hajiyev stated, “I believe a moment of truth is approaching as precious metals need to decide on their direction.”
He speculated that the delayed meeting between former President Donald Trump and China’s Xi Jinping could prolong military tensions involving Iran. This continuation, he argued, would likely sustain higher oil prices and subsequently fuel inflation. Hajiyev believes these fundamental factors are poised to catalyze a rally in precious metals, forcing a directional decision soon.
Forecasting a potential breakout, Hajiyev pointed to the gold-to-silver ratio exhibiting a bearish pattern. He suggested, “With gold ready to shoot up to $5.8 – 6k next, silver is eyeing the $140 – 50 level.” His analysis concludes that the sector’s next move will be determined by these intertwined geopolitical and inflationary pressures.
