Gold prices are projected to rise significantly, with experts estimating a target range of $5,300 to $5,500 per ounce in the near future. Currently priced at $4,879.60, gold has experienced volatility due to geopolitical tensions, particularly the conflict between the US and Iran, which has influenced inflation expectations. Following a peak of $5,598 in late January, prices fell to $4,098 in early March but have since recovered amid easing crude oil prices and a ceasefire agreement. Analysts from Axis Direct suggest that gold is well-positioned to thrive regardless of whether the global economy faces stagflation or experiences rate cuts. The ongoing geopolitical situation, particularly elevated crude oil prices, continues to support gold's status as a safe-haven asset. However, the fragile nature of the ceasefire raises concerns about potential reversals in gold prices if tensions escalate again.