Gold Prices Firm Amid Weakening Dollar and Fed Expectations

The gold price is maintaining a positive trend as the new week begins, supported by several factors.

According to a survey of precious metals analysts, eight out of eleven experts predict that gold prices will continue to rise this week, accounting for 73% of the total.

This optimism is fueled by the weakening US dollar, expectations of monetary policy adjustments by the Federal Reserve, and the need for safe-haven assets.

The analysts also noted that after surpassing the resistance zone of $4,500 per ounce, gold prices are maintaining a positive state and may continue to conquer the $4,600 per ounce mark.