Gold has now reclaimed a new price mark, a new historic high of $4600. Gold is now the best safe haven asset that the world is currently pivoting towards as geopolitical chaos continues to brew at rapid intervals. Moreover, experts are now predicting a new price path for gold altogether, stating that the metal may surge more in the coming future.

Also Read: Gold Price Outlook: Every Key Level the Metal Could Hit Next

The Gold Price Hits $4600

In a new marvelous feat, the gold has now claimed $4600, a new high, beating the earlier $4500 stats in a graceful manner. The metal is now eyeing new price horizons already, with geopolitical tensions acting as the main drivers for this change. The growing unrest in Iran with the Fed indictment has been adding more to gold’s glory, helping the asset surge higher on the radar.

Moreover, leading experts like Rashad Hajiyev are already busy predicting a new high for gold, adding how the metal has a long way to go, claiming as high as $7000 in the process.

“The gold-to-silver ratio (GTS) target zone is 1998 to 1983-2011 lows around 30-40. Let’s take a very conservative level for GTS 35 and gold price projections for the next 12 to 18 months. Gold price $7K and GTS 35 targets $200 silver price. $8k gold price and GTS 35 targets $230 silver price. In the more optimistic scenario, GTS could decline to 25 or even 20. Which suggests a $400 silver price at 8k gold. I do not know exactly where silver is going. But if history is to repeat, then silver could spike anywhere from $200 to $400 in the present cycle. This post is not investment advice…”

Short-Term Targets

Hahiyev was quick to share short-term price spikes that gold prices may encounter in the near future. The expert stated how the metal may claim $5.5K to $6K now that its chart is showing the metal breaking the ascending wedge pattern.

“The breakout from an ascending wedge is most likely going to trigger a run-up in gold to $5.5 – 6k…”

Also Read: US Dollar Could Break Down in Early 2026, Then Reverse Course