Are Federal Reserve officials about to back off? Gold prices break through $3,800 unstoppable

On Monday's Asian early session, gold prices broke through USD 3,800 per ounce, as U.S. inflation data met expectations, enhancing market expectations for a Federal Reserve rate cut. Low interest rates reduce the opportunity cost of holding gold, while geopolitical tensions increase demand for safe-haven assets. Investors are paying attention to the speeches of Federal Reserve officials; hawkish comments may lead to a rebound in the dollar, suppressing gold prices, while dovish signals could continue to drive gold prices higher. Technical analysis shows that gold prices remain in a strong upward trend and may rise to the range of USD 3,900 to 4,000 in the future