“While gold’s long-term uptrend remains in place, in the near-term prices are expected to move sideways, with the potential for some weakness in the coming months. Gold prices are expected to spend much of their time over the next few months between $4,300 and $4,900, but a decline to $4,000 or even lower for a brief period should not be ruled out. While these prices levels suggest short term softness in gold prices and a decline from the elevated levels observed earlier this year, in reality gold prices even at $4,000 still are extremely high, having settled above this level for the first time only in the fourth quarter of 2025.”
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