Video News/Market Analysis

Technical analyst Gary Wagner of The Gold Forecast joined Kitco News last week with a timely warning that gold’s parabolic rally was nearing exhaustion. Wagner said speculative money flooding into the market often signals “a potential top” and that a short-term correction would be “a necessary way to reset.” He projected gold could reach $4,300 by year-end but added that profit-taking could send prices as low as $3,800 before resuming higher. Wagner also detailed the unprecedented physical demand driving this cycle, noting that silver remains in a “true squeeze” while central banks continue to tighten global gold supply through steady accumulation. Speaking with Kitco News’ Jeremy Szafron, he called the move “the most bullish sentiment we’ve seen in years” but reminded investors that “trees don’t grow to the sky.” Watch the full interview on Chart This for Wagner’s complete technical outlook and price targets.