Gold is already forging new price pathways, sweeping the market away in sweet surprise. The asset is on a run, breaking records in its wake. The precious yellow metal is now on a rampage and has started to pursue a new price trajectory. One notable analyst has pointed out how the gold price run to $3500 is just the beginning and that there’s more to the asset that is yet to be unravelled.
Also Read: Gold Price Update: Gold Now 24% of Reserves, Dollar Falls to 1990s Low
Gold’s New Trajectory: The Metal Is On Path To Hit $3900
According to Rashad Hajiyev, a notable gold analyst, gold topping charts at the moment by hitting $3500 is just the beginning. Hajiyev took to X to share a detailed analysis, adding how the asset is first aiming to hit $3600. Once the gold price hits $3600, it may consolidate or pause a little before resuming its ascent. In the end, Hajiyev pointed out how gold is targeting the ambitious high price of $3900 in this cycle.
“Gold legitimately and decisively broke out. It is likely going to run until $3,600 – 3,650, where it will pause for a few weeks before starting a final parabolic run to my minimum target of $3,900 in the present cycle…”
Gold legitimately and decisively broke out. It is likely going to run until $3,600 – 3,650 where it will pause for a few weeks before starting a final parabolic run to my minimum target of $3,900 in the present cycle… pic.twitter.com/vsCvyazyMG
— Rashad Hajiyev (@hajiyev_rashad) September 2, 2025
Factors Fueling This Surge
One of the major reasons fueling the current gold price rally is the current Federal Reserve stance. The Federal Reserve may finally announce the much-anticipated interest rate cuts this month, which is the primary driver fueling the current gold price rally.
The yield on the 30-year U.S. Treasury is back up to 4.98% and will soon rise above 5%. This isn't happening despite the Fed’s intention to cut rates, but because of that intention. Surging gold prices also confirm that any rate cuts will send long-term and mortgage rates higher.
— Peter Schiff (@PeterSchiff) September 2, 2025
In addition to this, the current gold surge is also being driven by a weaker US dollar. Trump’s policies and volatile tariff stance have led investors to pivot towards safer assets, with gold emerging as the ultimate savior amid the ongoing economic chaos.
Why is gold strengthening?
There are two main reasons: #XAUUSD
First, the weakening of the US dollar. Gold is priced in US dollars. When the dollar falls, gold becomes cheaper when used with other currencies, naturally increasing demand. #GOLD
Second, market expectations for a… pic.twitter.com/GpV0M7MBMG— DC (@CD_XAUUSD) August 29, 2025
“Why is gold strengthening? There are two main reasons:#XAUUSD. The first reason is the depreciation of the US dollar. Gold is priced in US dollars. When the dollar falls, gold becomes cheaper when used with other currencies, naturally increasing demand. #GOLD. Second, market expectations for a September interest rate cut by the Federal Reserve are growing stronger. With lower interest rates, the cost of holding gold as an “interest-free asset” becomes lower, making people more willing to buy it for safe havens or value. #DXY.” As mentioned by analyst DC regarding gold on X.
Also Read: Gold Futures Climb to New Peak on Reserve Currency Shift
