"Gold Poised for Record Highs as Dollar Cools and Analysts Predict Tailwind"
TL;DR Summary
Gold prices firmed as the U.S. dollar and Treasury yields retreated, with traders awaiting remarks from Federal Reserve officials to assess the potential pace of interest rate cuts. Expectations for a softer inflation print next week could further support gold prices, despite reduced bets for a March rate cut following strong U.S. economic data. Spot silver, platinum, and palladium also saw modest gains.
- Gold firms on cooler dollar as traders set for Fed speakers CNBC
- Gold still set for all-time highs once this ‘tailwind’ kicks in, analysts say MarketWatch
- Gold and silver prices expected to hit record highs by the end of the year WWLP.com
- Gold Price Forecast: XAU/USD rises on the back of falling US Treasury yields, weaker USD FXStreet
- Gold market analysis for February 5 - key intra-day price entry levels for active traders Kitco NEWS
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