Gold Prices Slip From Three-Week Peak On Profit-Booking, Firm Dollar — What To Expect Ahead

Gold prices have retreated from a three-week high, primarily due to profit-booking following a 2% surge and the influence of a stronger U.S. dollar. Despite this recent decline, analysts remain optimistic about the outlook for gold, citing ongoing trade tensions and uncertainties surrounding Federal Reserve policies as potential catalysts for future price increases. Investors are closely monitoring these factors, as they could impact gold's safe-haven status and demand in the coming weeks. With market volatility and geopolitical concerns still prevalent, many are weighing their options in the precious metals market, anticipating that gold may regain its luster amid these economic challenges.