Gold is stealing the spotlight as it keeps climbing to fresh highs — recently clearing the $4,500 mark and prompting renewed bullish calls that the rally still has runway into 2026. What’s driving the move - Technical momentum: Rashad Hajiyev, a finance analyst, points to a breakout from a symmetrical triangle on December 11. Since that breakout gold has gained about 6% in 12 days. Hajiyev notes a prior breakout in late August produced a 30% surge over 51 days, suggesting precedent for rapid strength. - Macro tailwinds: The Financial Times reports geopolitical tensions are a major driver, with investors treating gold as a hedge against both geopolitical risk and “debasement” — the erosion of currencies like the dollar, as Pictet’s Arun Sai put it: “It’s a reminder that geopolitical and debasement worries have the same hedge—gold.” Where analysts see it going - Hajiyev lays out a bullish scenario: if gold repeats a 25–35% run, it could reach roughly $5.3k–$5.7k by March–April 2026. He also flags a likely short consolidation or pullback from mid-January to late February 2026, expecting gold to hit about $4.7–$4.8k early next month before that pause. He frames his view as a personal plan and not investment advice. Why crypto traders should care - As macro hedges tighten and geopolitical uncertainty rises, gold’s ascent can influence risk sentiment across markets — including crypto. Traders in the crypto space often watch precious metals flows as a signal for risk-on/-off dynamics and capital rotation between stores of value. What to watch next - Short-term: whether gold holds gains above the triangle breakout and how deep any January consolidation becomes. - Medium-term: price trajectories toward $5.3k–$5.7k by spring 2026 if momentum persists. - Macro catalysts: evolving geopolitical tensions, central-bank policy and currency moves that could keep the safe-haven bid strong. Bottom line: Gold’s recent technical breakout and macro backdrop have pushed prices into new territory, and analysts see the possibility of substantially higher levels next year — but expect at least one pause along the way. Read more AI-generated news on: undefined/news

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