World gold spot price stands around 2,406.9
Kitco News' latest weekly gold survey shows experts and retailers are optimistic about gold prices this week.
XAU remains in a bullish trend. Gold prices rose for the third consecutive week, supported by low interest rates and a weak USD.
Weak CPI report and speculation that the US Federal Reserve (Fed) may cut interest rates more than twice this year. Thereby, gold prices may continue to increase in the short term.