Gold prices have continued their upward trend, reaching new records driven by expectations of Federal Reserve rate cuts and escalating geopolitical tensions. The spot price of gold hovered above $4,498 an ounce, marking a weekly increase of 3.69 percent. Analysts attribute this surge to safe-haven demand amid conflicts like the Israel-Iran war and US-Venezuela tensions. Institutional forecasts suggest gold could reach $4,900-$5,000 by late 2026 due to ongoing macro uncertainties.