Gold Hits One-Week High Amid Weaker Dollar and Fiscal Gold Hits One-Week High Amid Weaker Dollar and Fiscal Concerns

Gold Prices Reach One-Week High

Gold prices have risen for the third consecutive session, hitting a one-week high. This upward movement is largely due to a weaker U.S. dollar and mounting fiscal concerns within the United States .

Safe-Haven Demand Intensifies

Investors are increasingly turning to gold as a safe-haven asset amidst economic uncertainties. The metal’s appeal is further enhanced by expectations of fewer U.S. interest rate cuts, which traditionally support higher gold prices .

Market Outlook

Analysts suggest that if current trends persist, gold could challenge resistance levels around $3,350, potentially igniting a new bullish phase .

Note: All prices are in U.S. dollars (USD). This content is for informational purposes only and does not constitute financial advice. Always conduct your own due diligence or consult a qualified advisor before making investment decisions.