GOLD hit 3000$

The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce their interest rate policies on Thursday.

These moves can directly affect the strength of the USD and capital flows into gold. This expert believes that if the FED maintains a "hawkish" stance and takes a cautious view on cutting interest rates, the USD may continue to strengthen, putting pressure on gold prices. On the contrary, if the signals from the FED are more easing, the precious metal may maintain its upward momentum.

Commodity experts at Macquarie have raised their gold price forecast to $3,500 an ounce by the third quarter of 2025. They had previously targeted $3,000 for mid-year, but gold prices have hit that mark earlier than expected.