KCAL USD Price & Performance (KCALUSD)

Gold prices have seen a pullback, trading around $3,023 per ounce after hitting record highs of $3,060. This decline follows a seven-day rally. Analysts suggest that falling crypto and stock markets could support further gains for gold, potentially pushing it to new highs if economic uncertainties persist.12

Gold prices remain elevated near $3,034.75 ahead of the Federal Reserve's monetary policy announcement. While the Fed is expected to maintain rates, traders are eyeing potential rate cuts later this year. Technical indicators show sustained bullish momentum, with buyers likely stepping in on any corrections.23

Gold continues to attract safe-haven demand amid ongoing tariff uncertainties and inflation concerns. With U.S. President Trump's tariff threats and mixed economic signals, gold prices are holding firm above the $2,900 mark. Analysts highlight inflation risks could keep the Fed cautious, impacting gold's appeal.45