Gold Prices May Reach 6,000-10,000 USD/Ounce, Experts Warn Against Chasing Profits

Gold prices may reach as high as 6,000-10,000 USD/ounce according to some market forecasts. However, experts warn investors not to chase price targets and instead focus on building a well-founded investment plan.

According to analyst Peter Reagan, the long-term outlook for gold is still positive due to its support from large-scale purchases by central banks, geopolitical tensions, and the need to diversify investment portfolios. However, the market may experience phases of correction due to factors such as high interest rates in the US, a strong USD, and rising US government bond yields.

Peter Reagan noted that investors often get caught up in chasing profits instead of making informed investment decisions. He emphasized the importance of being cautious with overly optimistic expectations and focusing on gradual price increases driven by structural demand for defensive assets.