Gold Eyes $10K as Silver Breakout Adds to Bullish Precious Metals Outlook

• Gold rate today is back in focus as renewed US-Iran tensions boost safe-haven demand, supporting a bullish gold price prediction, while renewed optimism around precious metals also strengthens the silver breakout narrative and the latest silver price prediction outlook
• Analyst Rashad Hajiyev believes gold could reach $ 7,000 by the end of August 2026 and potentially $10,000 if the current rally mirrors the post-November 2022 breakout.
• The silver breakout narrative is also strengthening, with silver price prediction targets of $70-$75 and possibly $90, as investor interest returns to precious metals

The gold rate today is once again back in trend as the US-Iran conflict grips the global markets once again. The precious metal sector is once again back on the investors’ radar, with analysts issuing new gold price predictions alongside silver price breakouts and bullish silver price predictions. Here’s what one analyst has to say about the rising $10K gold narrative today. 

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Gold Rate Today: Will It Gain More Momentum Now That War Dynamics Are Back Again?

The gold rate today is one of the most important topics headlining the precious-metal domain. A new prediction made by Rashad Hajiyev is bringing the gold price prediction back into focus. Hajiyev has shared an astonishing new prediction about gold, adding that the precious yellow metal is on track to hit a new high of $7K by the end of August 2026. Explaining it in depth, Hajiyev shared how golf might repeat its November 2022 trajectory, when it broke out after 8 months. 

Hajiyev later shared how gold is on track to hit $7K first but may also hit $10K if the momentum continues to support the precious metal domain. 

“I do not think gold is going to stop even at $7k. Gold bugs now deserve $10k…”

The gold rate today is steady at $4030. In addition to this, the world markets are once again pivoting towards gold. Apart from such bullish price predictions, China is also participating in the consistent gold-buying spree, purchasing nearly 15 tonnes in June 2026. 

“Year-to-date, the country has increased its gold reserves by a total of +40 tonnes. This lifts China’s total gold reserves to a record 2,346 tonnes, or 9% of its total FX reserves, near an all-time high. China is extremely bullish on gold.”

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Silver Price Prediction: Will Silver Trend Too?

The silver breakout narratives are also trending, with Hajiyev predicting a bullish silver price for the near future. In his recent X post, Hajiyev stated how silver is bound to trend again, hitting $70-$75 or even $90 by mid-August. In the meantime, 

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