Bitcoin News Today: Gold Hits $3,362 as Analysts Forecast Path to $4,000

Gold continues to attract attention from both investors and analysts, despite showing only modest gains in recent weeks. As of the latest data, gold is trading at $3,362 per ounce, reflecting a 1% rise against the U.S. dollar over the past seven days, though its one-month performance has been more subdued, with a 0.10% increase since July 2 [1]. Analysts remain bullish, with WisdomTree’s EU-based commodities strategist, Nitesh Shah, stating that reaching $4,000 per ounce is not an unrealistic goal [1]. He argues that the rise from $1,000 to $2,000 took 14 years, but the jump to $3,000 was achieved in just over a year, suggesting a similar trajectory could see gold break the $4,000 level in the near future.

The growing interest in gold is being fueled by a combination of macroeconomic factors, including rising geopolitical tensions, ongoing central bank demand, and the likelihood of further monetary easing. These dynamics are creating a “strong bullish environment” according to an X account, which cited forecasts predicting gold could reach $3,500–$4,000 by 2026 and even $5,000–$7,000 by 2030 [1]. This perspective is supported by investor sentiment, with some enthusiasts forecasting sustained upward pressure on gold prices over the next five years [1].

While gold has not yet delivered the explosive price movement seen in cryptocurrencies like bitcoin, which has seen a 2.8% gain over the same period, the precious metal continues to gain traction among long-term investors. Analyst Bald Guy Money noted a recent July 31 pullback, but emphasized that the broader trend remains intact, with more “green” monthly candles expected unless there is a reversal in monetary policy [1]. The idea that central banks might cease quantitative easing or begin aggressively paying down debt is considered highly unlikely, thus reinforcing the case for continued gold gains.

The quiet but steady climb in gold’s value is being viewed by many as a strategic, long-term bet. Unlike cryptocurrencies, which often experience sharp volatility, gold offers a more stable, historically resilient asset class. With economic uncertainties persisting, speculative demand is likely to remain robust, especially as investors seek safe-haven assets to hedge against inflation and potential recession [1].

Sources:

[1] Gold Bugs and Analysts Say the Rally's Just Getting Started

(https://news.bitcoin.com/gold-eyes-4k-gold-bugs-and-analysts-say-the-rallys-just-getting-started/)

[2] GigaCat Price: GCAT Live Price Chart, Market Cap & News Today

(https://www.coingecko.com/en/coins/gigacat-3)

[3] Goldene Augen $4K: Gold Bugs und Analysten sagen, die Rallye habe gerade erst begonnen

(https://news.bitcoin.com/de/goldene-augen-4k-gold-bugs-und-analysten-sagen-die-rallye-habe-gerade-erst-begonnen/)

[4] Ethereum Fear and Greed Index | Multiple Timeframes

(https://cfgi.io/ethereum-fear-and-greed-index/)