On Tuesday (August 5), spot gold prices continued to rise, reaching a nearly two-week high. Amid growing expectations of a Federal Reserve rate cut and anticipation over Donald Trump's upcoming key nomination for the Fed, gold's safe-haven and policy-sensitive attributes have once again stood out, making it a prime destination for market funds.
According to the latest gold outlook report released by WisdomTree, under the "base case" scenario, gold prices are expected to reach $3,850 per ounce by Q2 2026. In a "strong bull case" scenario, where tariffs trigger economic shocks and the Fed adopts a more aggressive rate-cutting approach, gold prices could surge to $4,475 per ounce.
Spot gold is trading at $3,380.70 per ounce, up 0.21%.
Trading suggestion: After dipping to a low of 3,349.3 during the day, gold surged strongly during the U.S. trading session due to market-moving remarks. The price hit a daily high of 3,390.7 before consolidating, and eventually closed at 3,380. The daily chart formed a long lower shadow hammer candlestick, suggesting bullish potential.
Buy near 3,357, Stop loss 3,351, Target 3,375–3,412.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()