Analyst: Gold falls back to the $4,100 to $4,200 range, $4,000 remains an important price level
智通财经2026/10/07 10:41Phillip Nova analyst Priyanka Sachdeva stated in a report that despite the recent correction in gold prices, the structural drivers supporting gold have not disappeared. This week, spot gold has retreated to the $4,100–4,200 per ounce range. Sachdeva noted that although gold prices have adjusted recently, geopolitical uncertainty and continued vulnerability in Middle Eastern oil supplies are maintaining investor interest in gold. She believes that $4,000 per ounce remains a key level. If the long-term structural logic for gold remains intact, any further move of gold prices towards this level may attract conviction-driven investors to adopt a phased buying approach. She added that the future trend of gold will depend more on how geopolitical risks affect oil prices, inflation expectations, and U.S. Treasury yields.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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