Gold price could reach $8,000 — but Vermeulen warns of sharp volatility ahead

Gold has turned volatile in late April, slipping toward the mid-$4,500–$4,700 range as rising oil prices, firm yields and a stronger US dollar weigh on the metal despite ongoing geopolitical tension.

At the same time, analysts remain structurally bullish, with a Reuters poll forecasting gold to average around $4,900 this year, even after recent pullbacks.

Against that backdrop, technical strategist Chris Vermeulen says markets may be entering a late-cycle phase — with equities still capable of a final push higher before a broader reset takes hold.

He remains bullish on gold and silver over the long term, but says both are currently in a neutral, volatile phase — with the risk of further downside before the next major move higher.