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May 6, 2025

Gold Surges as Market Eyes 3500 Amid Continued Safe-Haven Demand

Gold prices continue their upward trajectory as the precious metal breaks through the resistance level of 3352.97. This notable rebound suggests that the previous correction, which reached a low of 3201.70, has concluded. Investors can now expect further movement towards targets of 3499.79 and potentially the 61.8% projection from 2956.61 to 3449.70, which lands at 3537.38. The ongoing demand for gold reflects the market’s heightened interest in safe-haven assets during uncertain economic times.

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