Gold prices rose 1% on Monday, recouping some of the losses suffered last week. The growth is due to the slowdown in the dollar and the expectation of comments from the Fed representatives on the further policy of interest rates. Spot gold rose 1.1% to $2,590 per ounce, halting a series of falls that became the most significant in the last three years. Futures also rose 0.9% to $2,594 per ounce. Experts believe that the growth of gold will continue as the dollar has weakened, but warn of potential obstacles to further price growth. In particular, they expect Fed officials to be more decisive in their statements regarding keeping rates at the January level in the near future. This may lead to a reassessment of market expectations and negatively affect the price of gold. Seven representatives of the central banks of the United States will speak this week, their comments may affect market sentiment. Strong economic and inflation indicators in the United States continue to prompt discussions among Fed officials about the pace and scale of rate cuts. In general, analysts predict that in the coming months the price of gold will fluctuate in the range of $2,200 to $2,600 per ounce.
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