Over the past half year, gold has moved in a way that many investors did not expect, with prices soaring beyond expectations and reaching the highest level in history. I just noticed that the trend of gold prices tomorrow seems to be less of a coincidence and more a result of profound structural changes in the global financial system.

Actually, why has gold surged so strongly? The main reasons are three factors that make gold an asset that investors continue to buy. First, central banks around the world, especially from emerging markets like China, India, and Brazil, want to break free from reliance on the US dollar. They have been buying gold as a reserve asset for 15 years now, and this year, they are expected to purchase over 755 tons.

Second, international political conflicts, especially the Greenland issue that arose earlier this year, have caused investors to panic and turn to gold as a hedge. Prices then soared to $5,600 per ounce during that period.

Third, the policies of the US Federal Reserve, which remain hesitant and uncertain about how quickly to cut interest rates, keep real interest rates low. Meanwhile, US public debt continues to rise, raising concerns about currency devaluation. People are turning to gold as a store of value.

Another interesting point is in Thailand, where gold bars once touched 70,000 baht, driven by both the rising global prices and the weakening dollar. This change also affected the Thai baht because many gold traders sold to realize profits and exchanged into baht in large amounts. The Bank of Thailand has therefore implemented measures to control online gold trading, such as reporting large transactions, setting daily trading limits, and encouraging trading in US dollars.

From the perspective of global financial institutions, Goldman Sachs predicts the price will be around $5,400 per ounce. J.P. Morgan sees an average of $5,055 and possibly reaching $5,400 next year. Bank of America suggests it could go as high as $6,000. Although HSBC and Citi are more cautious, the overall sentiment among bullish groups is much stronger.

Now, if asked whether it’s still timely to buy now, the answer is yes, but not chasing the price. With prices at historic highs, a smart strategy is to wait for a slight pullback. The range between $4,680 and $4,750 is a good support zone. If it breaks below that, $4,360 to $4,450 becomes a golden opportunity for long-term accumulation.

Regarding investment tools, physical gold bars may not be convenient at this high price level, as they require a large amount of capital and pose storage issues. An alternative is trading Gold CFDs through various platforms, which allows trading with less capital, both on the upside and downside, and can be done 24/7.

Overall, the trend for gold prices tomorrow remains upward. But in terms of chasing the price, gold has already proven to be the most valuable asset during uncertain times and still has the potential to reach the $6,000 target in the long term.