Gold Price Holds Above $5,000, Awaits Key Economic Events for Direction

Gold Maintains Strong Position Amid Caution

Recently, the gold price has remained above $5,000 per ounce, reflecting growing investor concerns about global geopolitical tensions. This risk-averse sentiment has driven capital flows into traditional safe-haven assets like gold.

Key Economic Data on the Horizon

This week, the market is focusing on the U.S. consumer confidence index and the Federal Reserve Chair's speech, which may offer insights into future monetary policy directions.

Analyst Perspectives

• If the Fed Chair shows a firm commitment to policy independence, the U.S. dollar could gain strength in the short term.
• If the tone favors gradual rate cuts, the dollar might weaken, providing additional support for gold prices.

Market participants should closely monitor these developments to stay aligned with potential market shifts.