Gold Prices Surge to Record Highs Amid Geopolitical Tensions and Safe-Haven Demand

Gold prices hit new all-time highs above $2,400 per ounce this week amid extreme volatility driven by geopolitical tensions and safe-haven demand.

Wall Street and Main Street analysts remain overwhelmingly bullish on gold next week, expecting prices to climb higher despite overbought conditions.

Threat of conflict between Iran and Israel is pushing traders to scramble into gold and the US dollar as parallel safe-haven assets.

If geopolitical tensions ease over the weekend, gold could correct but likely remain at elevated levels above $2,400.

Some analysts see potential for another $300 gold price surge in coming months, targeting upwards of $2,700 before peaking.