Adrian Day - Adrian Day Asset Management said that gold price would increase this week: "The motivation of gold remains, the factors that promote price in the past year remain intact. The pause and accumulation, but may not be now. "
Sharing the same view, Rich Checkan - President and COO of Asset Strategies International said: "The fluctuations and instability of the first weeks under the new government in the US are making investors find gold as a hiding channel. Safe. This trend will continue. "
John Weyer - Director of the Protection Division in Walsh Trading, looked at the strong fluctuations of gold on Friday morning, and assessed the overall increase trend in the context of increasing geopolitical instability.
"With tariff discussions and inflation, gold is still a safe shelter," Weyer said. Weyer also mentioned recent inflation reports and the possibility of the US Federal Reserve (Fed) may decide to raise interest rates.
"I think they can't do so. In principle, they cannot keep raising, lowering, increasing and cutting again ... But right after this information was given, I saw many people saying that raising interest Praying is a plan to deal with inflation.
According to this expert, a record higher level of $ 2,886.85/ounce right after the consumer belief data on Friday was announced as a short -term fluctuation, then the gold price was adjusted again. . However, the general trend is still increasing.
"I think the gold price will continue to increase. The $ 3,000/ounce milestone has a certain psychological and technical significance. It does not mean that we cannot witness the adjustments of 2,700 USD/ounce or lower , but until the market has some beliefs - not really stability, but at least more clearly the economic situation and orientation factors, the investor will still look to gold, And that will continue to keep the price high. "
Discussing the broader impact of tariff threats, Weyer said that although it is difficult to accurately measure the possibility they are executed, the market is still forced to consider them seriously.
Similarly, Marc Chandler - CEO at Bannockburn Global Forex said: "Gold can be adjusted in the coming days when US employment and CPI data support USD and bond yields. However, these, these, the sights The US policy may continue to promote buying activities from central banks. The price drops to less than 2,850 USD/ounce, which can promote a new buying wave. "
Meanwhile Kevin Grady - President of Phoenix Futures and Options said it is assessing the impact of the latest inflation data on the Fed's interest rate policy roadmap.
"We are in the context of persistent inflation. US President Donald Trump has just been in office for two weeks and is trying to solve this problem, but it takes time to implement. But right now I don't think the Fed can maintain a long -term interest rate cut.
To be honest, if I look at the current economic situation, I think the most reasonable thing is to keep the state, keeping the policy at the present time " - the expert said.
Grady also noted that the demand for material gold increased sharply in the US to catch the ability to impose tariffs, making both the material gold market and the gold market on the papers affected. All of these factors are creating an extremely optimistic script for short, medium and long -term gold price.
"In the short term, I am optimistic about gold price next week," Grady said. "In addition, I have predicted that in the first quarter, gold price will reach $ 3,000/ounce. I don't see any reason that changes. It seems that the market wants to continue to go up.
There are many other factors, not just a tariff story. Over the past year, we have witnessed strong buying activities from central banks. Each time the price decreases, there is a purchase force to appear. That shows a strong market, and this is an optimistic signal " - he added.
