Veteran investor Peter Schiff believes that gold is entering a powerful phase, potentially making April 2023 one of its strongest months since 1980. Following a 15% rebound from its March lows, gold is currently trading around $4,800. Schiff predicts that gold could soon surpass $5,000 and ultimately reach $6,000. He argues that this surge is not merely a reaction to geopolitical tensions, but rather a sign that investors are shifting away from the U.S. dollar and toward hard assets like gold. The decline of 11% in March marked gold's worst performance since 2008, making its current recovery significant. Schiff emphasizes that the ongoing geopolitical and macroeconomic uncertainties are encouraging this shift, as investors reassess gold's role amid inflation risks and declining confidence in paper currencies. Meanwhile, gold prices eased slightly on Thursday, falling to $4,664.39 per ounce, following remarks from U.S. President Donald Trump regarding military actions in Iran, which raised crude oil prices and dampened hopes for interest rate cuts.