‘April could be gold’s best month since 1980,’ says Peter Schiff —next target may be $6,000

The prediction of rising gold prices comes amidst a volatile Indian Rupee (nearing 95 against USD) and banks unwinding arbitrage trades, making gold a potentially attractive hedge for Indian investors. This could drive demand for physical gold and gold-backed financial products.

Consider a long bias on Indian gold jewellery and gold loan stocks, with a stop-loss below recent support levels, anticipating increased investor interest in gold.

For Indian markets, this story mainly matters for the Jewellery, Financial Services (Gold Loans) pocket. The current signal is bullish, so traders should watch whether the effect spreads across the sector or stays limited to a single name.

Watch whether the market validates this read through price action, volume, and breadth. If the headline matters, the signal should show up in execution, not just in commentary.

• •Peter Schiff believes gold's value will rise due to ongoing geopolitical tensions and macroeconomic uncertainty.
• •He predicts April could be a strong month for gold, potentially reaching $5,000 to $6,000.
• •Investors are expected to shift from the U.S. dollar to gold.
• •Risk flag: Gold price volatility and potential for profit-taking.
• •Risk flag: Strength of the US Dollar could counter gold's rise.