Gold price on the first day of the week!

Welcome back to our fresh conversation about the gold price outlook for the upcoming week.

Last week, gold witnessed a remarkable surge, climbing continuously from $2035 to $2088 and maintaining a stable price around $2080 during the early trading hours of Monday.

Looking forward and formulating strategies and predictions for this week:
A survey involving 14 analysts revealed that none predict a decrease in gold prices in the near future. Among them, 11 analysts, accounting for 79%, are optimistic about gold's prospects, while 3 analysts, representing 21%, hold a neutral stance towards this precious metal.

Regarding today's gold price outlook:
Gold begins to adjust its price and shows a slight downward trend under the pressure of investors locking in profits, losing 0.15% over the day. This price breakthrough could lead to gold being tested again at key support levels, thus investors should be cautious not to chase the price.

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