Les paragraphes à traduire sont:
Gold price gains some follow-through traction on Tuesday and hits a fresh all-time peak.
Dovish Fed expectations, geopolitical risks and the US political uncertainty lend support.
The upside seems limited ahead of Fedspeaks and the US PCE Price Index this week.
Gold price (XAU/USD) hit a fresh all-time peak during the Asian session on Tuesday, albeit lacks follow-through buying as traders await more cues about the Federal Reserve’s (Fed) rate-cut path before placing fresh bullish bets. Hence, the focus will remain glued to speeches by FOMC members this week and the release of the US Personal Consumption Expenditures (PCE) Price Index on Friday.
In the meantime, bets for more aggressive easing by the US Federal Reserve (Fed), which caps the US Dollar (USD) recovery from the YTD peak touched in reaction to a jumbo rate cut last week, act as a tailwind for the non-yielding Gold price. Apart from this, persistent geopolitical risks stemming from the ongoing conflicts in the Middle East, along with the US political uncertainty ahead of the November election and worries about an economic slowdown, should continue to underpin the safe-haven precious metal.
