Last trading at $4,984, some analysts are now calling for $7,000 gold.
While a substantial number of analysts have been calling for $5,000 gold for some time, we're now seeing calls for $7,000 gold. According to SAMCO Securities, gold could test $7,000, driven by further geopolitical uncertainties, sky-high deficits, central bank demand, and the real interest rate environment, as noted by Business Standard. In addition, analysts at Jefferies expect for gold prices to test $6,600 over the next few months.
Here are three safe ways to trade the potential upside.
VanEck Vectors Gold Miners ETF
Not only can you gain access to some of the biggest gold stocks in the world, you can do so at less cost with the VanEck Vectors Gold Miners ETF (GDX).
The ETF holds positions in Newmont Corp., Barrick Gold, Franco-Nevada, Agnico Eagle Mines, Gold Fields, and Wheaton Precious Metals to name a few.
A trader may see if current market volatility is high and implied and the historical volatilities are at the upper band of their normal range, and volatility has been rising. He then initiates a "Neutral Option Position." If the trader has incorrectly forecasted that volatility was going to decline, he can suffer a loss due to a greater actual volatility than anticipated. The effects of these types of volatility increases on the position may be quantified by using the option risk variables. The risk of implied volatility fluctuation is measured by the position's "vega." "Delta" is the rate of change of an options price with respect to a unit change in the underlying price. The rate of change of an option's delta with respect to unit price change in the underlying is called "gamma."
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The first profit opportunity we will review is a stock purchase in UPWK stock or Upwork Incorporated. The global marketplace operated by Upwork connects businesses and other organizations with freelancers.
With the start in the current trend with the August 2025 close, UPWK shares moved from under 16 to trading with highs above 21 this month. A higher December 2025 close confirms the trend on its monthly chart.
With the recent trading on the daily chart reaching the 21 level again the overall sideways period awaits the next UPWK breakout.
We recommend buying UPWK stock at the current price level.
During the demonstration, my team revealed the exact stocks we're watching now inside of our exclusive "Private Wealth Group."
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