Gold Prices Eye Fresh All-Time Highs After Record Rally, Focus on U.S. Inflation Data This Week
Gold reached a new peak last week, reinforcing the long-term uptrend fueled by safe-haven demand, central bank buying, and global economic uncertainty.The upcoming U.S. inflation report will be critical for market sentiment. Softer inflation could strengthen expectations of Federal Reserve rate cuts, potentially weakening the U.S. dollar and boosting gold prices.If gold successfully breaks above $2,955, it could gain further bullish traction, potentially testing levels above $3,000 in the coming sessions.
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